Davis Polk advised the joint book-running managers and representatives of the several underwriters in connection with a follow-on offering of 7,514,369 shares of common stock by SendGrid, Inc. and certain of SendGrid’s stockholders for total gross proceeds of $171.8 million, including the full exercise by the underwriters of their option to purchase additional shares of common stock from certain of the selling stockholders. SendGrid’s common stock is listed on the New York Stock Exchange under the symbol “SEND.”
Based in Denver, Colorado, SendGrid is a digital communication platform enabling businesses to engage with their customers via email reliably, effectively and at scale.
The Davis Polk corporate team included partner Sarah K. Solum and associates Donald K. Lang and Dylan Service. Partner Rachel D. Kleinberg and associate M. Brett Cameron provided tax advice. Counsel Michelle Ontiveros Gross and associate Jason J. Bang provided intellectual property and technology advice. Counsel Marcie A. Goldstein provided FINRA advice. Members of the Davis Polk team are based in the Northern California and New York offices.