Assisted by a team of Pillsbury lawyers, 1stdibs.com, Inc., a leading online marketplace for luxury design products, announced the closing of its initial public offering of an aggregate of 6,612,500 shares of its common stock at a price to the public of $20 per share. The net proceeds of the offering were approximately $117.5 million.
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The Pillsbury team included a cross-office, multi-disciplinary group and was led by New York-based partner Ron Fleming, lead outside corporate counsel to the client, as well as Silicon Valley-based Corporate & Securities partner Davina Kaile. The Corporate & Securities team also included Silicon Valley-based associate Lana Persaud and New York-based senior associate Stephanie Langan and associates Christopher Wing, Juan Pablo Cordon and Taylor O’Toole. Partner Jessica Lutrin led the Executive Compensation & Benefits team including associate Ben Gibbs and senior law clerk Kevin Meil. International Trade partner Aaron Hutman and Cybersecurity, Data Protection & Privacy senior counsel Catherine Meyer also advised on the transaction.