On December 8, 2021, HashiCorp®, a leader in multi-cloud infrastructure automation software, announced the pricing of its initial public offering of 15,300,000 shares of its Class A common stock at a public offering price of $80.00 per share. All of the shares are being offered by HashiCorp. The gross proceeds of the offering, before deducting underwriting discounts and commissions and other offering expenses payable by HashiCorp, are expected to be $1.22 billion. The shares began trading on the Nasdaq Global Select Market on December 9, 2021, under the ticker symbol “HCP.” The offering is expected to close on December 13, 2021, subject to the satisfaction of customary closing conditions. In addition, HashiCorp has granted the underwriters a 30-day option to purchase up to an additional 2,295,000 shares of Class A common stock at the initial public offering price, less the underwriting discounts and commissions.
Wilson Sonsini Goodrich & Rosati advised HashiCorp on the transaction. The team includes:
Corporate
Tony Jeffries
Michael Coke
Amanda Urquiza
Jacie Valentine
Employee Benefits & Compensation
Scott McCall
Jackie Tokuda
Matthew Norgard
Delaware
Ryan Greecher
Angie Flaherty
Technology Transactions
John McGaraghan
Shivang Patel
Regulatory and Compliance
Tarek Helou
Josephine Aiello LeBeau
Anne Seymour
Seth Cowell
Privacy and Data Security
Matt Staples
For more information, please see HashiCorp’s press release.