Freshfields advises on $805 million IPO of Samsara Inc.
Freshfields advised Morgan Stanley as representative of the underwriters on the initial public offering of 35,000,000 shares of Class A common stock of Samsara Inc., for aggregate gross proceeds of $805 million. The Class A common stock is listed on the New York Stock Exchange under the trading symbol “IOT.”
More details can be found here.
Samsara’s mission is to increase the safety, efficiency, and sustainability of the operations that power the global economy. Samsara is the pioneer of the Connected Operations Cloud, which allows businesses that depend on physical operations to harness IoT (Internet of Things) data to develop actionable business insights and improve their operations.
The Freshfields capital markets team included partners Sarah Solum and Pamela Marcogliese, senior associate Tracy Zhang and associates Daniel Fox and Jennifer Burrow.
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