Latham & Watkins advised Monday.com, a cloud-based platform that allows companies to create their own applications and work management software, on the pricing of its initial public offering of 3,700,000 ordinary shares at a price to the public of US$155 per share. In addition, Monday.com has granted the underwriters a 30-day option to purchase up to an additional 370,000 ordinary shares at the IPO price.
The share price gives Monday.com a valuation of approximately US$6.8 billion, making it one of the largest ever offerings by an Israeli company on Nasdaq.
The Latham team was led by partners Josh Kiernan, Marc Jaffe, and Ian Schuman, with associates John Slater, Gilad Zohari, and Angel Marcial. Advice on compliance matters was provided by partners Erin Brown Jones, Les Carnegie, and associate Elizabeth Annis; on data protection and intellectual property by partners Gail Crawford, Michael Rubin, and Sarah Gagan, with associates Oscar Bjartell, Max Mazzelli, Wesley Tiu, and Pelin Serpin; on employment and benefits by partners Bradd Williamson and Nineveh Alkhas, counsel Rifka Singer, and associate Leah Segall; on ESG matters by partner Paul Davies and counsel Michael Green; and on tax matters by partners Elena Romanova and Brian McManus, with associates Michael Yu and Darcee Case.