S&C Advises Underwriters in Confluent IPOJune 30, 2021
Confluent Inc. completed its $828 million initial public offering on June 28. The shares are listed on the Nasdaq Global Select Market under the symbol “CFLT.” Confluent's cloud-native offering is the foundational platform for a new category of data infrastructure focused on data in motion, enabling real-time data, from multiple sources, to constantly stream across an organization.
Morgan Stanley & Co. LLC and J.P. Morgan Securities LLC acted as joint lead book-running managers.
The S&C team representing the underwriters included John Savva and Sarah Payne. Mehdi Ansari advised on intellectual property matters. Eric Kadel advised on regulatory matters. Tracey Russell advised on FINRA matters. Jeffrey Hochberg and Saul Brander advised on tax matters. John Evangelakos advised on cybersecurity matters. Esther Jeapes advised on EEA/UK matters.