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Banking & Finance - Capital Markets: Equity

Zeltiq Aesthetics, Inc. $67 Million Secondary Offering

09 Jan 2014

Davis Polk advised Goldman, Sachs & Co. and J.P. Morgan Securities LLC as representatives of the several underwriters in connection with an SEC-registered  secondary offering of 5,175,000 shares of common stock of Zeltiq Aesthetics, Inc. by entities affiliated with Advanced Technology Ventures, Aisling Capital III, LP and Venrock Associates V, L.P. The shares of common stock sold included 675,000 shares sold pursuant to the underwriters’ fully exercised option to purchase additional shares. The offering resulted in gross proceeds of approximately $67 million.

CST Brands, Inc. $467.5 Million Secondary Offering

06 Jan 2014

Davis Polk advised Citigroup Global Markets Inc. as representative of the underwriters in connection with a $467.5 million SEC-registered secondary offering of 15,079,448 shares of common stock of CST Brands, Inc. by Valero Energy Corporation. The shares of common stock sold in the offering included shares from the full exercise of the underwriters’ option to purchase additional shares. CST’s shares of common stock trade on the New York Stock Exchange under the symbol “CST.” 

Firm Represents Underwriters in US$191.7 Million NASDAQ IPO of Qunar Cayman Islands Limited

06 Jan 2014

Simpson Thacher represented the underwriters, led by Goldman Sachs (Asia) L.L.C. and Deutsche Bank Securities Inc., in connection with the initial public offering and listing on the Nasdaq Global Market of American depositary shares (“ADSs”) of Qunar Cayman Islands Limited (“Qunar”). The offering of 12,777,650 ADSs (including 1,666,650 ADSs pursuant to the exercise of the underwriters’ over-allotment option), each representing three Class B ordinary shares, raised an aggregate of US$191.7 million.

InvenSense, Inc. Convertible Senior Notes Offering

03 Jan 2014

Davis Polk advised Goldman, Sachs & Co. in connection with a Rule 144A offering by InvenSense, Inc. of an aggregate principal amount of $175 million of its 1.75% convertible senior notes due 2018. In addition, Davis Polk advised Goldman, Sachs & Co. as the counterparty to convertible note hedge and warrant transactions.

Headquartered in San Jose, California, InvenSense, Inc. is a pioneer and a global market leader in devices for the motion interface market that detect and track an object’s motion in three-dimensional space. 

Norcraft Companies, Inc.’s Initial Public Offering

03 Jan 2014

Davis Polk advised Citigroup Global Markets Inc. and UBS Securities LLC as joint book-running managers and representatives of the underwriters in connection with the $102.4 million initial public offering of 6,397,073 shares of common stock of Norcraft Companies, Inc. Norcraft’s common stock is listed on the New York Stock Exchange under the symbol "NCFT."

Based in Eagan, Minnesota, Norcraft Companies, Inc. is a leading manufacturer of kitchen and bathroom cabinetry in the United States and Canada. 

Integra LifeSciences Holdings Corporation Common Stock Offering

03 Jan 2014

Davis Polk advised Morgan Stanley & Co. LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Wells Fargo Securities, LLC and RBC Capital Markets, LLC, as joint book-running managers of an SEC-registered follow-on offering by Integra LifeSciences Holdings Corporation of 4,025,000 shares of its common stock, which included 525,000 shares that the underwriters purchased pursuant to the exercise in full of their option to purchase additional shares.

Mavenir Systems, Inc. Initial Public Offering

03 Jan 2014

Davis Polk advised Morgan Stanley & Co. LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated and Deutsche Bank Securities Inc. as representatives of the several underwriters in connection with the $54.5 million SEC-registered initial public offering of 5,450,000 shares of common stock of Mavenir Systems, Inc., of which 5,320,292 shares were issued and sold by the Company and 129,708 shares were sold by certain shareholders. The shares are listed on the New York Stock Exchange under the symbol “MVNR.”   

Mongolian Mining Corporation Rights Offering

02 Jan 2014

Davis Polk advised Mongolian Mining Corporation on its $201 million global rights offering. The global rights offering consisted of a public offering of H shares (shares listed on the Hong Kong Stock Exchange) in Hong Kong and private placements of H shares to institutional investors outside of Hong Kong, including within the United States to a limited number of qualified institutional investors in reliance on Section 4(a)(2) of the U.S. Securities Act. J.P.