Monday.com’s Initial Public Offering

Latham & Watkins advised Monday.com, while Skadden, Arps, Slate, Meagher & Flom LLP advised Goldman Sachs & Co. LLC and J.P. Morgan as lead book-running managers for the proposed offering.

Monday.com Ltd. (“monday.com”) plans to commence its roadshow for the initial public offering of 3,700,000 of its ordinary shares. The initial public offering price is expected to be between $125 and $140 per ordinary share. In addition, monday.com expects to grant the underwriters a 30-day option to purchase up to an additional 370,000 ordinary shares at the initial public offering price. monday.com has applied to list its ordinary shares on the Nasdaq Global Select Market under the ticker symbol “MNDY”.

Goldman Sachs & Co. LLC and J.P. Morgan will act as lead book-running managers for the proposed offering, with Allen & Company LLC and Jefferies acting as joint book-running managers. William Blair, Piper Sandler, Oppenheimer & Co., Canaccord Genuity, Cowen, Needham & Company, Academy Securities, Loop Capital Markets, Ramirez & Co., Inc., Siebert Williams Shank and Tigress Financial Partners will act as co-managers for the proposed offering.

In addition to the shares sold in the public offering, monday.com announced that each of Salesforce Ventures LLC and Zoom Video Communications, Inc. have agreed to purchase $75 million of ordinary shares at a price per ordinary share equal to the initial public offering price.

The monday.com Work OS is an open platform that democratizes the power of software so organizations can easily build software applications and work management tools to fit their every need. The platform intuitively connects people to processes and systems, empowering teams to excel in every aspect of their work.

The Skadden team included Capital Markets partners Yossi Vebman (Picture) and Ryan Dzierniejko, and associate Jennifer Friedman.

The Latham team was led by partners Josh Kiernan, Marc Jaffe, and Ian Schuman, with associates John Slater, Gilad Zohari, and Angel Marcial. Advice on compliance matters was provided by partners Erin Brown Jones, Les Carnegie, and associate Elizabeth Annis; on data protection and intellectual property by partners Gail Crawford, Michael Rubin, and Sarah Gagan, with associates Oscar Bjartell, Max Mazzelli, Wesley Tiu, and Pelin Serpin; on employment and benefits by partners Bradd Williamson and Nineveh Alkhas, counsel Rifka Singer, and associate Leah Segall; on ESG matters by partner Paul Davies and counsel Michael Green; and on tax matters by partners Elena Romanova and Brian McManus, with associates Michael Yu and Darcee Case.

Involved fees earner: Nineveh Alkhas – Latham & Watkins; Elizabeth Annis – Latham & Watkins; Oscar Bjartell – Latham & Watkins; Erin Brown Jones – Latham & Watkins; Les Carnegie – Latham & Watkins; Darcee Case – Latham & Watkins; Gail Crawford – Latham & Watkins; Paul Davies – Latham & Watkins; Sarah Gagan – Latham & Watkins; Michael Green – Latham & Watkins; Marc Jaffe – Latham & Watkins; Joshua Kiernan – Latham & Watkins; Angel Marcial – Latham & Watkins; Max Mazzelli – Latham & Watkins; Brian McManus – Latham & Watkins; Elena Romanova – Latham & Watkins; Michael Rubin – Latham & Watkins; Leah Segall – Latham & Watkins; Pelin Serpin – Latham & Watkins; Ian Schuman – Latham & Watkins; Rifka Singer – Latham & Watkins; John Slater – Latham & Watkins; Wesley Tiu – Latham & Watkins; Bradd Williamson – Latham & Watkins; Michael Yu – Latham & Watkins; Gilad Zohari – Latham & Watkins; Ryan Dzierniejko – Skadden Arps Slate Meager & Flom; Jennifer Friedman – Skadden Arps Slate Meager & Flom; Yossi Vebman – Skadden Arps Slate Meager & Flom;

Law Firms: Latham & Watkins; Skadden Arps Slate Meager & Flom;

Clients: Goldman Sachs & Co.; J.P. Morgan Securities LLC; Monday.com;

Martina Bellini

Author: Martina Bellini