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Freshfields advises the underwriters on Darktrace plc IPO
Freshfields Bruckhaus Deringer (‘Freshfields’) has advised Jefferies International Limited as sponsor, and together with Joh. Berenberg, Gossler & Co. KG, London Branch, KKR Capital Markets Partners LLP, Needham & Company, LLC and Piper Sandler & Co. as underwriters in connection with the IPO and premium listing of Darktrace plc on the London Stock Exchange.
The IPO comprised an issue of new shares by Darktrace and a sell-down by existing shareholders at an offer price of £2.50 per share, equating to a market capitalisation of £1.7 bn. Darktrace is a world leading provider of AI for the enterprise, with the first at scale deployment of AI in cyber security, and a pioneer of autonomous response technology.
The Freshfields team was led by partners Mark Austin and Doug Smith, supported by counsel Richard Ho and associates Jennifer Brokamp, Shreena Patel and Stephanie Belenkov. Dispute Resolution advice was provided by partner Christopher Robinson and associate Emily Knight, and UK tax advice was provided by partner Peter Clements and associate Chris Gotch. Intellectual Property advice was provided by partner Giles Pratt and associate Daniel Spencer.
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About Freshfields Bruckhaus Deringer
Freshfields Bruckhaus Deringer LLP is a global law firm with a long track record of successfully advising the world's leading national and multinational corporations and financial institutions on ground-breaking and business-critical challenges. Our team of more than 2,800 lawyers and other legal professionals delivers global results from our 28 offices worldwide. Our commitment, local and multinational expertise and business know-how means our clients can rely on us when it matters most.