On October 8th, 2019, Docebo Inc. completed its initial public offering of 4,687,500 common shares at a price of C$16.00 per share for total gross proceeds of C$75 million.
The underwriters were granted an over-allotment option (the "Over-Allotment Option") to purchase up to an additional 703,125 common shares at a price of C$16.00 per share for additional gross proceeds of C$11,250,000 if the Over-Allotment Option is exercised in full. The Over-Allotment Option can be exercised for a period of 30 days from the closing date.
From a legal perspective, the IPO required coordinating complex securities law, IP, tax, banking, commercial and employment advice across several jurisdictions – most notably Canada, Italy and the U.S.
Goodmans LLP counsel included Brad Ross, Jamie Firsten, Joe Conforti, Jarrett Freeman, Allan Goodman, Francy Kussner, David Nadler, Chris Baxter, Laura Fraser, Laura Magisano, Alexandra Murray and Ledya Yohannes.
Stikeman Elliot LLP acted as counsel to the underwriters, with a team consisting of David Weinberger, Marshall Eidinger, Rishi Dhir and Sally Wong (Capital Markets), Jill Winton (Tax), Alethea Au and Victoria Hale (Technology), Allyson Marta (Pensions and Benefits), Lucy Carruthers (Employment), Alexa Peng (Real Estate), Ryan Sheahan (Intellectual Property)
Dorsey & Whitney LLP acted as U.S. counsel to Docebo, Inc., with Richard Raymer as lead counsel.
Gianni, Origoni, Grippo, Cappelli & Partners acted as Italian counsel to Docebo, Inc., with Cristina Capitanio as lead counsel.