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 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 Wilson Sonsini team that represented Domo the offering includes:

Corporate:
Patrick Schultheis
Mike Nordtvedt
John Brust

Delaware Corporate:
Amy Simmerman
Ryan Greecher
James Griffin-Stanco

Employee Benefits and Compensation:
Scott McCall
Jackie Tokuda

Privacy:
Matt Staples

Technology Transactions:
Manja Sachet
Jennifer McGrew

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