Fenwick-led software company among 3 IPOs, raising $ 1.2 billion

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By Tom Zanki (Oct 14, 2021, 6:39 p.m. EDT) – Fenwick-led software development platform GitLab began trading on Thursday after valuing an initial public offering of $ 801 million above its range, leading two other newly formed public companies that raised a total of $ 1.2 billion.

San Francisco-based GitLab, advised by Fenwick & West LLP, sold 10.4 million shares at $ 77 each, easily beating its price range of $ 66 to $ 69, which was raised from an initial estimate on Tuesday. from 55 to 60 dollars. Companies sometimes increase their IPO price ranges if they find that investor demand is stronger than expected.

Company-backed GitLab was joined by telecommunications tower operator IHS Holding Limited, which has …

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