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.

The company also granted the underwriters a 30-day option to purchase up to 5,250,000 additional shares of Class A common stock at the initial public offering price less underwriting discounts and commissions. Morgan Stanley, Goldman Sachs & Co. LLC, J.P. Morgan, and Allen & Company LLC served as lead book-running managers for the offering. RBC Capital Markets, Wells Fargo Securities, Evercore ISI, and William Blair served as book-running managers for the offering. Cowen, Wolfe | Nomura Alliance, Academy Securities, Loop Capital Markets, R. Seelaus & Co., LLC, Ramirez & Co., Inc., and Siebert Williams Shank served as co-managers for the offering.

The Wilson Sonsini team that advised Samsara on this offering included the following corporate attorneys:

Allison Spinner
Steven Bochner
Rezwan Pavri
Shannon Delahaye
Andrew Gillman
Mike Moesel
Merritt Steele
Arjun Adusumilli
Katie Barnes

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