Elastic Announces Closing of Initial Public Offering

On October 10, 2018, Dutch search engine company Elastic B.V. (Elastic), the company behind Elasticsearch and the Elastic Stack, announced the closing of its initial public offering of 8,050,000 of its ordinary shares, which includes the full exercise of the underwriters' option to purchase 1,050,000 additional ordinary shares, at a price to the public of $36.00 per share. In connection with the closing of the offering, Elastic changed its corporate form from a Dutch private company with limited liability into a Dutch public limited company. The shares began trading on the New York Stock Exchange under the symbol "ESTC" on October 5, 2018. Wilson Sonsini Goodrich & Rosati is representing Elastic in the offering with respect to U.S. law, while De Brauw Blackstone Westbroek is representing the company regarding Dutch law.

Goldman Sachs and J.P. Morgan Securities acted as joint lead book-running managers for the offering. Barclays Capital and RBC Capital Markets acted as book-running managers for the offering. BofA Merrill Lynch, Citigroup Global Markets, and Jefferies also acted as book-running managers for the offering. Canaccord Genuity acted as co-manager for the offering.

The WSGR team representing Elastic includes members Steve Bochner, Steve Bernard, Andrew Hoffman, and Scott McCall and associates Lillian Jenks, Genevieve Feng, Peter Jung, Michael Klippert, and Ivan Au.

For more information, please see Elastic's press release.