Orrick Advises Underwriter in Rapid7 Secondary Offering


Orrick represented Barclays as underwriter in the public offering by selling stockholders of 2,000,000 shares of Rapid7, Inc. (“Rapid7”) common stock. The underwriter purchased the shares in a bought deal, with aggregate gross proceeds to the selling stockholders in the offering of approximately $52 million. The selling stockholders included funds affiliated with Technology Crossover Ventures and Bain Capital Ventures that have been stockholders of the company since 2011 and 2008, respectively.

Rapid7 (Nasdaq: RPD) is a leading provider of analytics solutions for security and IT operations. Orrick previously advised the underwriters in Rapid7’s $103 million initial public offering (IPO) and a follow-on offering by Rapid7 and selling stockholders of 5,950,000 shares of Rapid7 common stock.

The Orrick team advising on the secondary offering was led by capital markets partners Christopher Austin and Stephen Ashley and included associates Kenneth Marx, Conner Pine and Will Peifer.