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4.21.26
Wilson Sonsini Advises SolvaPay on €2.4 Million Pre-Seed Financing
On April 15, 2026, SolvaPay, a Stockholm-based AI payments platform, announced it has raised €2.4 million in pre-seed funding to develop payment infrastructure for the emerging era of agentic commerce. The round was led by European fintech venture capital firm Redstone and Silicon Valley-based MS&AD Ventures, with additional participation from Antler and Greens Ventures. Wilson Sonsini Goodrich & Rosati advised SolvaPay on the transaction.
Newsletters
4.07.26
2025 Technology and Life Sciences PIPE and RDO Report
Wilson Sonsini is pleased to present the 2025 Technology and Life Sciences PIPE and RDO Report. This report presents analysis related to 163 private investments in public equity (PIPEs) and registered direct offerings (RDOs) by U.S.-based technology and life sciences companies between January 1 and December 31, 2025. The report is limited to transactions in which the company raised at least $10 million and had at least one closing in 2025.
Client Highlights
2.17.26
Wilson Sonsini Advises nLIGHT on $201 Million Follow-On Offering
On February 5, 2026, nLIGHT, Inc., a leading provider of high-power lasers for mission-critical directed energy, optical sensing, and advanced manufacturing applications, closed an underwritten public offering of 3,977,273 shares of its common stock at a public offering price of $44.00 per share. In addition, on February 9, 2026, nLIGHT closed the sale of an additional 596,590 shares of its common stock, at the same public offering price, pursuant to the full exercise of the underwriters’ option to purchase additional shares. The aggregate gross proceeds from the offering was approximately $201 million, before deducting the underwriting discounts and commissions and estimated offering expenses. Wilson Sonsini Goodrich & Rosati advised nLIGHT on the transaction.
Client Highlights
1.07.26
Wilson Sonsini Advises OneStream on Acquisition by Hg
On January 6, 2026, OneStream, the leading enterprise finance management platform, announced that it has entered into a definitive agreement to be acquired by Hg, a leading investor in software, services, and data businesses. The all-cash transaction values OneStream at approximately $6.4 billion in equity value. Wilson Sonsini Goodrich & Rosati advised OneStream on this transaction in a continuation of its long-standing advisory relationship with the company, including leading OneStream’s Up-C IPO in July 2024.
Newsletters
9.18.25
2025 Mid-Year Technology and Life Sciences PIPE and RDO Report
Dive into our mid-year review of 68 PIPEs and RDOs by U.S. technology and life sciences firms between January 1 and June 30, 2025. Key findings include a decline in life sciences activity and robust strength in the technology sector.
Client Highlights
5.21.25
Wilson Sonsini Advises Google on PIPE Investment in Warby Parker
On May 20, 2025, Warby Parker Inc., a direct-to-consumer lifestyle brand focused on vision for all, announced that Google has agreed to purchase up to $75 million of Warby Parker’s Class A common stock and/or Class C common stock, subject to the achievement of certain commercial milestones. Google is making the PIPE investment (private investment in public equity) in connection with its entry into a strategic partnership with Warby Parker to develop AI-powered glasses intended for all-day wear.
Newsletters
3.25.25
2024 Technology and Life Sciences PIPE and RDO Report
Dive into our comprehensive review of 205 PIPEs and RDOs by U.S. technology and life sciences firms for 2024. Following several years of low capital market activity, 2024 saw a significant increase compared to 2022 and 2023. However, ongoing volatility may lead companies to seek alternatives to traditional underwritten offerings for their financing needs.
Client Highlights
11.18.24
Wilson Sonsini Advises OneStream on Registered and Synthetic Secondary Offering
On November 18, 2024, OneStream, Inc., the leading enterprise finance management platform that modernizes the Office of the CFO by unifying core finance and operational functions, closed an underwritten public offering of 15,000,000 shares of its Class A common stock at a public offering price of $31.00 per share. Wilson Sonsini Goodrich & Rosati represented OneStream in the transaction.
Newsletters
9.25.24
2024 Mid-Year Technology and Life Sciences PIPE and RDO Report
Wilson Sonsini Goodrich & Rosati is pleased to present the 2024 Mid-Year Technology and Life Sciences PIPE and RDO Report, analyzing 124 private investments in public equity (PIPEs) and registered direct offerings (RDOs) by U.S.-based tech and life science companies between January 1 and June 30, 2024.
Client Highlights
7.29.24
Wilson Sonsini Advises OneStream on Up-C IPO
On July 25, 2024, OneStream, a leading enterprise finance management platform, closed its initial public offering of 28,175,000 shares of its Class A common stock, including the exercise in full by the underwriters of their option to purchase an additional 3,675,000 shares, at a public offering price of $20 per share. The shares began trading on the Nasdaq Global Select Market on July 24, 2024, under the symbol “OS.” The offering consisted of 21,729,333 shares sold by OneStream, including the underwriters’ option exercise, and 6,445,667 shares sold by existing stockholders. Wilson Sonsini Goodrich & Rosati advised OneStream on the offering.
Client Highlights
4.23.24
Firm Advises Underwriters in Montrose Environmental’s $128 Million Follow-On Public Offering
On April 22, 2024, Montrose Environmental Group, Inc., an environmental services provider offering measurement and analytical services as well as environmental resiliency & sustainability solutions, completed the underwritten public offering of 3,450,000 shares of its common stock at a price of $37.15 per share, including the full exercise of the greenshoe option. Wilson Sonsini Goodrich & Rosati is advising the underwriters in the transaction.
Newsletters
2.22.24
2023 Technology and Life Sciences PIPE and RDO Report
Wilson Sonsini’s 2023 Technology and Life Sciences PIPE and RDO Report presents analysis related to 177 private investments in public equity (PIPEs) and registered direct offerings (RDOs) by U.S.-based technology and life sciences companies between January 1 and December 31, 2023. PIPEs and RDOs can be good alternatives to traditional underwritten offerings, particularly during periods of market volatility, because they can be negotiated discreetly and publicly announced after the parties agree to terms.