Latham & Watkins Advises on GitLab’s IPO

Firm represents the underwriters in the offering by the software company.

October 14, 2021

GitLab Inc., the provider of The DevOps platform, a single application that brings together development, operations, IT, security, and business teams to deliver desired business outcomes, has announced the pricing of its initial public offering of 10,400,000 shares of its Class A common stock at a public offering price of US$77.00 per share. The offering consists of 8,420,000 shares of Class A common stock to be sold by GitLab Inc. and 1,980,000 shares of Class A common stock to be sold by an existing stockholder affiliated with Sytse “Sid” Sijbrandij, Gitlab Inc.’s Co-founder, Chief Executive Officer, and Board of Directors Chair (the Selling Stockholder). Gitlab Inc. will not receive any proceeds from the sale of shares of common stock by the Selling Stockholder. The shares are expected to begin trading on the Nasdaq Global Select Market on October 14, 2021 under the ticker symbol “GTLB.” The offering is expected to close on October 18, 2021, subject to the satisfaction of customary closing conditions.

Latham & Watkins LLP represented the underwriters in the offering with a capital markets team led by partners Marc Jaffe, Ian Schuman, Greg Rodgers, and Benjamin Cohen and associates Brittany Ruiz, Christian Vazquez, and Nick Gonzalez. Advice was also provided on tax and benefits & compensation matters by partners Sam Weiner and Robin Struve, with associates Ryan Brenner and Jina Davidovich; and on data privacy & security matters by partners Jennifer Archie and Fiona Maclean, with associates Jimmy Smith, Jane Bentham, and Victoria Wan. 

 
 
Notice: We appreciate your interest in Latham & Watkins. If your inquiry relates to a legal matter and you are not already a current client of the firm, please do not transmit any confidential information to us. Before taking on a representation, we must determine whether we are in a position to assist you and agree on the terms and conditions of engagement with you. Until we have completed such steps, we will not be deemed to have a lawyer-client relationship with you, and will have no duty to keep confidential the information we receive from you. Thank you for your understanding.