Orrick Advises Weave Communications on $120 Million IPO

November.11.2021

Orrick is advising Weave Communications, a customer communications and engagement software platform, on its $120 million initial public offering of 5,000,000 shares of common stock. The offering priced at $24 per share and began trading today on the New York Stock Exchange under the ticker symbol "WEAV".

In addition, Weave has granted the underwriters a 30-day option to purchase up to an additional 750,000 shares of common stock at the IPO price less underwriting discounts and commissions.

Goldman Sachs & Co. LLC, BofA Securities and Citigroup are acting as lead book-running managers for the offering. Piper Sandler, Raymond James, Stifel, William Blair, Guggenheim Securities, Academy Securities, Loop Capital Markets and Tigress Financial Partners are acting as co-managers for the offering.

The Orrick team advising Weave is led by Scott Iyama, Bill Hughes and Niki Fang, and includes Jaryn Fields, Jimmy Frost, Anika Nayyar, Christina Catzoela and William Lamb.