The Firm represented the underwriters, led by Credit Suisse Securities (USA) LLC, Deutsche Bank Securities, Inc. and Goldman, Sachs & Co., in a registered follow-on offering of 4,896,748 shares of common stock of Synchronoss Technologies, Inc. (“Synchronoss”), which includes the shares that were issued and sold pursuant to the over-allotment option exercised by the underwriters, resulting in aggregate gross proceeds of approximately $124 million.
Synchronoss is a leading provider of on-demand transaction management platforms that enable communications service providers, cable operators/multi-service providers and original equipment manufacturers with embedded connectivity and allow e-Tailers/retailers to accelerate and monetize their go-to-market strategies for connected devices. Synchronoss shares are listed on the NASDAQ Global Select Market under the symbol “SNCR.”
The Simpson Thacher team for this transaction included, among others, Bill Hinman, Ryan Nolan, Jean Park, E. Ryan Coombs, Michael Sullivan, Robert Guo and Qinghong Cai (Capital Markets); Mandy Hu (Litigation); and Jennie Getsin (FINRA and Blue Sky).
