The Firm represented J.P. Morgan Securities Inc., Piper Jaffray & Co. and Jefferies & Company, Inc. in connection with the initial public offering by Shutterfly, Inc. of 5,800,000 shares of its common stock, which will be listed on NASDAQ, for an aggregate price to the public of $87,000,000. The offering closed on October 4, 2006.
Shutterfly is an Internet-based social expression and personal publishing service that provides a range of products and services that make it easy, convenient and fun for consumers to upload, edit, enhance, organize, find, share, create, print and preserve their digital photos in a creative and thoughtful manner.
The Simpson Thacher team for the transaction includes Kevin Kennedy, Dan Webb, Nidhi Tandon, Jason Bobby, Ryan Nolan and Sean Cotton, with valuable assistance from paralegals Mita Prakash and Jason Mull.