Snowflake Inc. raised $3.4 billion in a record-setting initial public offering that sent its stock price soaring and provided blockbuster returns for investors, including the outside lawyers advising the company.
Cooley, a Palo Alto, Calif.-based firm with more than $1.3 billion in gross revenue, represented the cloud data company on its stock market debut earlier this month. Current and former Cooley lawyers also have a roughly $150 million piece of Snowflake through GC&H Investments LLC, an affiliated investment fund that snagged a lucrative stake in the technology unicorn.
That puts the Cooley lawyers’ venture fund alongside larger Snowflake backers ...
Learn more about Bloomberg Law or Log In to keep reading:
Learn About Bloomberg Law
AI-powered legal analytics, workflow tools and premium legal & business news.
Already a subscriber?
Log in to keep reading or access research tools.