Davis Polk advised Morgan Stanley & Co. LLC and Goldman, Sachs & Co. as joint book-running managers of the several underwriters in connection with the $135.2 million initial public offering of 6,440,000 shares of common stock of Cvent, Inc., which included 840,000 shares from the exercise of the underwriters’ over-allotment option in full. The common stock is listed on the New York Stock Exchange under the symbol “CVT.”
Based in McLean, Virginia, Cvent is a leading cloud-based enterprise event management platform. Cvent provides solutions for both sides of the events and meetings value chain: (i) event and meeting planners, and (ii) hotels and venues. Cvent’s integrated, cloud-based solution addresses the entire event lifecycle by allowing event and meeting planners to organize, market and manage their meetings, conferences, tradeshows and other events. Its online marketplace connects event planners and venues through Cvent’s vertical search engine that accesses its proprietary database of detailed hotel and venue information.
The Davis Polk corporate team included partner Richard D. Truesdell Jr., associates Yasin Keshvargar, Christopher J. Kodama and Jansen A. S. Thurmer and law clerk Natalie A. Thomas. Partner Harry Ballan and associate Sam R. Van Peperstraete provided tax advice. The intellectual property team included associate Bruce Rose-Innes and law clerk Dan Karmel. Counsel Marcie A. Goldstein provided FINRA advice. Sorina Delia Lazar was the legal assistant for the transaction. All members of the Davis Polk team are based in the New York office.