Orrick, Herrington & Sutcliffe LLP represented SodaStream International Ltd. in its initial public offering on the Nasdaq Global Select Market. J.P. Morgan Securities LLC and Deutsche Bank Securities Inc. acted as the joint bookrunning managers for the offering. The estimated net proceeds to SodaStream, after deducting the underwriting discount and estimated offering expenses payable by the company, are US$98.9 million.
SodaStream manufactures home beverage carbonation systems, which enable consumers to easily transform ordinary tap water instantly into carbonated soft drinks and sparkling water. Its products are available at more than 35,000 retail stores in 39 countries around the world.
The Orrick team was led by New York corporate partner Brian Margolis and included Silicon Valley compensation and benefits partner Christine McCarthy, San Francisco compensation and benefits partner Jennifer George, San Francisco tax partner Grady Bolding, New York corporate of counsel Stuart Goldfarb, New York corporate associatesDavid Ruff and Danielle Quinn and Silicon Valley compensation and benefits associateClaire Kalia.
