S&C Advises Underwriters in ON24 IPO

February 17, 2021

ON24, Inc. completed its $492.3 million initial public offering on February 5. The offering makes ON24, which was founded in 1998, one of the most mature VC-backed companies to go public in recent periods.
 
S&C represented the underwriters. Goldman Sachs & Co. LLC., J.P. Morgan Securities LLC and KeyBanc Capital Markets Inc. acted as joint lead book-running managers. The offering included the full exercise of the underwriters' option to purchase shares from ON24.
 
ON24 provides a leading, cloud-based digital experience platform that enables businesses to convert customer engagement into revenue through interactive webinar experiences, virtual event experiences and multimedia content experiences.
 
The S&C team included John Savva and associates Matt Wells, Patricia Yu and Taylor Apodaca. Associates Matt Rosenberg and Will Bekker advised on intellectual property matters. Special counsel Tracey Russell advised on FINRA matters. Heather Coleman and associate Bekah Kostelak advised on employment and compensation matters. Jeffery Hochberg, special counsel Saul Brander and associate Annie Lin advised on tax matters.