Sep. 12, 2013
Brooks Stough
See more on Brooks StoughGunderson Dettmer Stough Villeneuve Franklin & Hachigian LLP | Redwood City | Practice type: Corporate
One of Stough's most prominent deals over the past year involved representing a consortium of underwriters in connection with the wildly successful initial public offering of Workday Inc., a Pleasanton-based human resources software developer.
The company's IPO on Oct. 12 turned heads all across the business community after its shares traded 75 percent above their original price range. The company planned to offer shares at around $28 each, but by the end of the day they were worth $48.69 a piece.
Stough, a founding partner of Gunderson Dettmer Stough Villeneuve Franklin & Hachigian LLP and a resident of the firm's Redwood City headquarters, worked with major financial players including Morgan Stanley & Co. LLC and Goldman, Sachs & Co., who acted as representatives of the nine underwriters who participated in the offering.
"He's a very smart, thoughtful guy, and always collaborative, pragmatic and responsible to work with," said Jeffrey R. Vetter, a Fenwick & West LLP partner in Mountain View who helped counsel the company in the offering. Vetter has worked with Stough on multiple IPOs over the past 15 years.
Vetter said the offering went smoothly despite the fact that the attorneys involved were responding to accounting comments from the Securities and Exchange Commission. Stough's professional composure, Vetter said, played an important role in keeping the IPO on track.
- DOMINIC FRACASSA
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