Sep. 10, 2014
Eric Jensen
See more on Eric JensenCooley LLP | Palo Alto | Practice Type: corporate | Specialties: capital markets, emerging companies
"This has been an incredibly robust IPO and capital markets environment," he said. "There are a huge number of deals."
Cooley handled 23 IPOs in 2013, he added, and has already handled 29 deals just in the first six months of 2014.
Among Jensen's transactions in 2014, for Goldman Sachs & Co., as lead counsel, he served as underwriter on the IPOs of Zendesk Inc., $115 million; Castlight Health Inc., $204.2 million; Coupons.com Inc., $193.2 million; and the $154.8 million RingCentral Inc. secondary offering of common stock.
For Morgan Stanley & Co. LLC, as lead counsel, in the last 12 months, Jensen served as underwriter on the more than $1.1 billion FireEye Inc. secondary offering of common stock, as well as the FireEye IPO, $349 million.
Jensen also served as lead counsel to JP Morgan & Co. on the $1.2 billion LinkedIn Corp. secondary offering of common stock.
In crafting these deals, Jensen said that he has assembled "swat teams" of attorneys and bankers.
"It's highly collaborative," he added. "It's not a 'scorched earth' argument on deal points. We are all trying to get the deal done."
Jensen said that he has a lot of repeat customers.
"So we bring the same team back after the IPO and do secondary offerings and other deals building on the success these companies have had," he added.
Even though the various ventures may be going after very different markets, Jensen said, there is a common thread.
"These are all very much powered by software and a lot of them are in the cloud," he added.
Looking ahead, "I am optimistic that there will continue to be IPOs during the balance of 2014 and into 2015, albeit with peaks and valleys due to a volatile market."
He added, "I see many of the Cooley private company clients building great businesses, with rapid growth in revenues and customers, and taking market share away from established companies."
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