July.17.2015
Orrick represented Ooma, Inc. as issuer’s counsel in its $65 million initial public offering (IPO) of 5,000,000 million shares of common stock. The offering priced at $13 per share and began trading on the New York Stock Exchange on July 17, 2015 under the ticker symbol “OOMA.” Founded in 2004, Ooma creates new communications experiences for small businesses and consumers. Its smart platform serves as a communications hub, offering cloud-based telephony and other connected services. Its telephony services combine PureVoice™ HD call quality and innovative features with mobile applications for reliable anytime, anywhere calling.
Credit Suisse Securities (USA) LLC, BofA Merrill Lynch and JMP Securities LLC acted as joint book-running managers for the offering. William Blair & Company, L.L.C. and Wunderlich Securities, Inc. acted as co-managers.
The Orrick team was led by Capital Markets partners Andrew Thorpe and Christopher Austin and also included Technology Companies Group partners Stephen Venuto and Joseph Perkins, Executive Compensation partner Christine McCarthy, Capital Markets managing associate Vinella Sido, and Technology Companies associates Michael Ruiz and Mark Janoff.
In 2015, Orrick has advised on or is in the process of working on ten publicly and confidentially-filed technology company equity offerings, including both IPOs and follow-ons. Over the past two years, the firm has helped clients complete nearly 600 venture capital-backed transactions raising over $7 billion and closed private technology company mergers and acquisitions valued at nearly $10 billion. The firm was named a Tech Group of the Year for 2014 by Law360.