On November 9, Goodwin Procter client Imperva (NYSE: IMPV) completed its $90 million initial public offering, selling 5 million shares of its common stock at $18 per share. In addition, the underwriters exercised its option to purchase 750,000 additional shares at the IPO price a day after the stock’s first day of trading.
Headquartered in Redwood Shores, CA, Imperva is a pioneer and leader of a new category of data security solutions for high-value business data in the data center. Its customers include four of the top five telecom firms, three of the top five U.S. commercial banks, three of the top five financial data service firms, as well as government agencies around the world and more than 100 Fortune 1000 companies.
“I’ve worked with Imperva for the last eight years, watching it grow into a leader in the data security space,” said Anthony McCusker, the co-chair of Goodwin Procter’s Technology Companies Group. “We look forward to continuing this relationship as Imperva builds on its successful IPO.”
JP Morgan Securities and Deutsche Bank Securities acted as joint book-running managers for the offering, with RBC Capital Markets, Lazard Capital Markets and Pacific Crest Securities acting as co-managers.
The Goodwin Procter deal team was led by partners Mitzi Chang, Brad Bugdanowitz and McCusker.