IFLR1000

Cyberark Software Nasdaq secondary offering

17/3/2015
Share offer
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$ 235 million

Completed

17/3/2015

Overview:

  • Nasdaq-listed Israeli cyber security company, Cyberark Software, undertook a secondary offering which earned selling shareholders around $235 million.
  • Shareholders in Cyberark, which launched its New York IPO in 2014, sold 4.6 million shares at $51 each.
  • The transaction was the company's first secondary offering since its IPO. 
  • Cyberark did not receive any proceeds from the transaction.
  • Goldman Sachs, Deutsche Bank Securities, Barclays Capital, and BofA Merrill Lynch were joint bookrunners.
  • William Blair & Company, Nomura Securities International, and Oppenheimer & Co were as co-managers.

Ben Naylor - Regional editor

 

Jurisdiction:

Israel

Deal type:

Share offer

Practice area:

Capital markets : Equity

Governing laws:

New York
Israel

Industry sector:

Technology and telecommunications

Firms:
Meitar | Law Offices

Party: Cyberark Software (Issuer)

Lawyers: Dan Shamgar, Mike Rimon

Naschitz Brandes Amir

Party: Goldman Sachs (Joint bookrunner)

Party: Deutsche Bank AG Na ON (Joint bookrunner)

Party: Barclays Capital (Joint bookrunner)

Party: BofA Merrill Lynch (Joint bookrunner)

Party: William Blair & Company (Co-manager)

Party: Nomura Securities Internationa (Co-manager)

Party: Oppenheimer & Co (Co-manager)

Lawyer: Tuvia Geffen

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