February 1, 2012 7:53 PM
It’s All Good for Fenwick: Firm Takes Lead on Facebook IPO on Heels of 2011 Revenue Uptick
Posted by Brian Baxter
In what could eventually create one of the world’s largest Internet companies, social networking leader Facebook filed for a $5 billion initial public offering Wednesday, with Fenwick West and Simpson Thacher Bartlett scoring lead legal roles on the proposed listing.
Founded in 2004 by Mark Zuckerberg and several Harvard classmates, Facebook is tentatively scheduled to begin trading its shares publicly in May. The offering marks the latest chapter in the saga of a company that has grown exponentially over the past eight years, with the battles over who deserves credit for its creation spawning both long-running lawsuits and an Oscar-nominated feature film.
According to Facebook’s S-1 filing on Wednesday, Fenwick chairman Gordon Davidson and securities group cochair Jeffrey Vetter are leading the team from the firm that has nabbed the lead counsel role to the Menlo Park, California–based company.
Fenwick, which shifted its headquarters from Palo Alto to nearby Mountain View a decade ago, is a longtime legal adviser Read More from the Article Source: Full Article
