Sumo Logic $325.6 million IPO
Davis Polk advised the representatives of the several underwriters in connection with the $325.6 million initial public offering of 14,800,000 shares of common stock of Sumo Logic, Inc. The common stock is listed on the Nasdaq Global Select Market under the symbol “SUMO.”
Sumo Logic is the pioneer in continuous intelligence, a new category of software, which enables organizations of all sizes to address the data challenges and opportunities presented by digital transformation, modern applications and cloud computing. The Sumo Logic Continuous Intelligence Platform automates the collection, ingestion and analysis of application, infrastructure, security and IoT data to derive actionable insights within seconds.
The Davis Polk corporate team included partners Alan F. Denenberg and Stephen Salmon and associates Dongbiao Shen and Sarah Kirk. The intellectual property and technology transactions team included partner Frank J. Azzopardi and counsel Daniel F. Forester. The tax team included partner Po Sit and associate Tomislava Dragicevic. Counsel Marcie A. Goldstein provided FINRA advice. Associate Sijia Cai provided 1940 Act advice. Members of the Davis Polk team are based in the Northern California and New York offices.