September 16, 2020
JFrog Ltd. (JFrog), the liquid software company, has announced the pricing of its initial public offering of 11,568,218 ordinary shares at a price to the public of US$44.00 per share. Of the offered shares, 8,000,000 shares are being offered by JFrog and 3,568,218 shares are being offered by certain of JFrog’s existing shareholders. JFrog will not receive any proceeds from the sale of the shares by the existing selling shareholders. The underwriters have the option to purchase up to an additional 1,735,232 ordinary shares from JFrog at the initial public offering price, less underwriting discounts and commissions.
Latham & Watkins LLP represents the underwriters in the offering with a corporate deal team led by Bay Area partners Mark Roeder and Brian Paulson and London partner Joshua Kiernan, with Bay Area associates Adam Whitaker and Natalie Robertson. Advice was also provided on tax matters by Bay Area partner Grace Lee, with Orange County associate Janet Hsu; on benefits and compensation matters by Bay Area partner Erin Murphy, with Boston associate Lilly Fang; on data privacy matters by Bay Area counsel Robert Blamires, with Bay Area associate Jennifer Howes; and on technology transactions matters by Bay Area partner Tony Klein, with Bay Area associate Gil Halpern.