Insights
Search Results
Client Highlights
7.09.25
Wilson Sonsini Advises Zscaler on $1.725 Billion Convertible Senior Notes Offering
On July 3, 2025, Zscaler, Inc. issued $1.725 billion aggregate principal amount of 0.00% convertible senior notes due 2028. The offering amount included the exercise in full of the option that Zscaler had granted to the initial purchasers to purchase up to an additional $225 million of notes. In connection with the offering, Zscaler entered into privately negotiated capped call transactions with one or more of the initial purchasers and/or their respective affiliates and/or other financial institutions.
Client Highlights
9.23.24
Wilson Sonsini Advises Box on $460 Million Convertible Senior Notes Offering
On September 20, 2024, Box, Inc., a leading intelligent content cloud, completed an offering of $460 million aggregate principal amount of 1.5% convertible senior notes due 2029 in a private placement. The offering amount included the exercise in full of the option that Box had granted to the initial purchasers to purchase up to an additional $60 million of notes. In connection with the offering, Box entered into privately negotiated capped call transactions with certain of the initial purchasers or their respective affiliates and other financial institutions. Wilson Sonsini Goodrich & Rosati advised Box on the transaction.
Client Highlights
5.09.24
Wilson Sonsini Advises Block on $2 Billion Senior Notes Offering
On May 6, 2024, Block, Inc. (Block), a global technology company with a focus on financial services, priced an offering of $2 billion in aggregate principal amount of its 6.50% senior notes due 2032 (the notes). The sale of the notes closed on May 9, 2024. Block intends to use the net proceeds from the sale of the notes for general corporate purposes, which may include the repayment of debt under its existing notes, potential acquisitions and strategic transactions, capital expenditures, investments, and working capital.
Client Highlights
3.31.23
Wilson Sonsini Advises VirnetX on Dividend and Shareholder Agreement
On March 30, 2023, internet security company VirnetX announced a special cash dividend of $1.00 per share, as well as a cooperation agreement with shareholders Bradley L. Radoff and Michael Torok. Wilson Sonsini Goodrich & Rosati advised VirnetX on the transactions.
Client Highlights
12.17.21
Wilson Sonsini Advises Samsara on $805 Million IPO
On December 15, 2021, Samsara, the pioneer of the Connected Operations Cloud, announced the pricing of its initial public offering of 35,000,000 shares of Class A common stock at a price to the public of $23 per share, raising $805 million. The shares began trading on the New York Stock Exchange under the ticker symbol "IOT" on December 15, and the offering closed on December 17. Wilson Sonsini Goodrich & Rosati represented Samsara in the transaction.
Client Highlights
6.24.21
Firm Advises Splunk in $1 Billion Investment from Silver Lake
On June 22, 2021, Splunk Inc., provider of the Data-to-Everything Platform, announced that Silver Lake would make a $1 billion investment in convertible senior notes. Splunk plans to use the proceeds from the new investment to fund growth initiatives and manage its capital structure. Wilson Sonsini Goodrich & Rosati represented Splunk in the transaction.
Client Highlights
3.26.21
Wilson Sonsini Advises Underwriters on thredUP IPO
On March 25, 2021, ThredUp Inc. (thredUP) announced the pricing of its initial public offering of 12,000,000 shares of its Class A common stock at a price to the public of $14 per share. The shares began trading on the Nasdaq Global Select Market on March 26, 2021, under the symbol "TDUP," and the offering is expected to close on March 30, 2021, subject to customary closing conditions. In addition, thredUP has granted the underwriters a 30-day option to purchase up to an additional 1,800,000 shares of Class A common stock at the initial public offering price, less underwriting discounts and commissions.
Client Highlights
12.01.20
Wilson Sonsini Advises Gainsight in Sale to Vista Equity Partners
On November 30, 2020, Gainsight, a leading customer relations technology company, announced it has signed an agreement to receive a majority investment from Vista Equity Partners, a leading global investment firm focused on enterprise software, data, and technology-enabled businesses. Wilson Sonsini Goodrich & Rosati represented Gainsight in the transaction.
Client Highlights
11.11.18
Apptio to Be Acquired by Vista Equity Partners for $1.94 Billion
On November 11, 2018, Apptio, a Washington-based company that develops technology business management software, announced that it has entered an agreement to be acquired by Vista Equity Partners, a tech-focused private equity firm, for a total value of approximately $1.94 billion. Apptio shareholders will receive $38.00 in cash per share, representing a 53 percent premium to the unaffected closing price as of November 9, 2018. Wilson Sonsini Goodrich & Rosati is representing Apptio in the transaction.