Domo Announces Closing of Initial Public Offering

On July 3, 2018, Domo, a leading developer of cloud-based enterprise software, announced the closing of its initial public offering of 10,580,000 shares of its Class B common stock at a public offering price of $21.00 per share, which includes the full exercise of the underwriters' option to purchase 1,380,000 additional shares. The company estimates net proceeds from the offering to be approximately $202.6 million, after deducting underwriting discounts and commissions and estimated offering expenses. The shares began trading on the Nasdaq Global Market under the ticker symbol "DOMO" on June 29. Wilson Sonsini Goodrich & Rosati represented Domo in the offering.

Morgan Stanley & Co., Allen & Company, Credit Suisse Securities (USA), and UBS Securities acted as the joint book-running managers for the offering, while Cowen and Company, JMP Securities, and William Blair & Company acted as co-managers for the offering.

The WSGR team that represented Domo the offering includes:

Corporate:
Patrick Schultheis
Mike Nordtvedt
John Brust
Alex Winney
Christie Cho
Jacob Wittman
Dustin Bierut

Delaware Corporate:
Amy Simmerman
Ryan Greecher
James Griffin-Stanco

Employee Benefits and Compensation:
Scott McCall
Jackie Tokuda
Austin Holt

Privacy:
Matt Staples
Claire Readhead

Technology Transactions: Manja Sachet
Jennifer McGrew

Tax:
Andrew Bryant

For more information, please see Domo's press release.