ViaSat, Inc. $521 Million Common Stock Offering
Davis Polk advised the joint book-running managers in connection with an SEC-registered offering of 7,475,000 shares of common stock of ViaSat, Inc., including 975,000 shares offered pursuant to the exercise of the option to purchase additional shares. The gross proceeds of the offering were approximately $521 million. The common stock is listed on the NASDAQ Global Select Market under the symbol “VSAT.”
ViaSat is a leading provider of advanced satellite and wireless communications and secure networking systems, products and services.
The Davis Polk corporate team included partner Richard D. Truesdell Jr. and associates Ferrell Maguire Keel and Hillary A. Coleman. The tax team included partner Po Sit and associate K. Daniel Berman. Partner Frank J. Azzopardi and associate Samantha Lefland provided intellectual property and technology advice. All members of the Davis Polk team are based in the New York office.