September 23, 2021
EngageSmart, Inc., a leading provider of vertically-tailored customer engagement software and integrated payments solutions, has announced the pricing of its initial public offering of 14,550,000 shares of its common stock at a price of US$26 per share. Of the offered shares, 13,000,000 shares are being offered by EngageSmart and 1,550,000 shares are being offered by certain of EngageSmart’s existing stockholders. In addition, the underwriters will have a 30-day option to purchase from EngageSmart and the selling stockholders up to an additional 2,182,500 shares of their common stock at the initial public offering price, less underwriting discounts and commissions. EngageSmart will not receive any proceeds from the sale of shares of common stock by the selling stockholders. The shares are expected to begin trading on the New York Stock Exchange on Thursday, September 23, 2021, under the ticker symbol “ESMT.” The offering is expected to close on September 27, 2021, subject to customary closing conditions.
Latham & Watkins LLP represents EngageSmart in the offering with a capital markets team led by New York partners Ian Schuman and Stelios Saffos, with New York/Los Angeles associate Brittany Ruiz and New York associates Sandy Kugbei, Christian Vazquez, and James Sullivan. Advice was also provided on public company representation matters by New York counsel Emily Corbi, with New York associate Jamie Conn; on tax matters by New York partner Jiyeon Lee-Lim and Washington, D.C. partner Cheryl Coe, with London associate Ted Gkoo; on benefits & compensation matters by New York partner Bradd Williamson, with Chicago associate Daniel Gocek; on healthcare regulatory matters by Los Angeles counsel Jennifer Yoo, with Houston associate Felicia Alexander; on data privacy & security matters by Washington, D.C. partner Jennifer Archie, London partner Fiona Maclean, with Washington, D.C. associate James Smith and London associates Victoria Wan and Luke Vaz; and on payments matters by Washington, D.C. partner Todd Beauchamp, with Washington, D.C. associates Loyal Horsley and Charles Weinstein.