June 11, 2021
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.