Press Release February 07, 2012

Goodwin Procter Represents Guidewire Software on Recent IPO

Last week, Goodwin Procter client Guidewire Software (NYSE: GWRE) raised $132 million in its initial public offering after its greenshoe option was exercised in full to increase shares offered from 8.9 to 10.2 million at $13 per share. It is the first tech IPO of 2012.

The successful IPO was widely reported on by market and finance news organizations, including the Wall Street Journal, CNBC and TheStreet

Based in San Mateo, CA, Guidewire provides software to the property and casualty insurance sector. Big companies like Nationwide and Zurich Financial use the software for underwriting and policy administration, as well as claims management and billing.

Guidewire is the second tech IPO Goodwin Procter has advised on in the last three months, representing Imperva on its IPO in November.

The Goodwin deal team was led by partners Rick Kline and Craig Schmitz.