Orrick Advises Underwriter in Rapid7 Secondary Offering

May.16.2018

Orrick represented Barclays as underwriter in the public offering by selling stockholders of 3,000,000 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 $90 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 security and IT analytics and automation solutions for security operations. Orrick previously advised the underwriters in Rapid7’s $103 million initial public offering and in follow-on and secondary offerings by Rapid7 and selling stockholders of Rapid7 common stock with aggregate gross proceeds of approximately $183 million.

The Orrick team that advised the underwriter in the secondary offering was led by capital markets partner Christopher Austin and included associates Kenneth Marx, Conner Pine and Will Peifer.