The Firm represented Despegar.com, Corp. (“Despegar”) in connection with the US$382 million initial public offering made by the company and certain selling shareholders. The offering was registered with the U.S. Securities and Exchange Commission and the shares have begun trading on the New York Stock Exchange under the ticker symbol “DESP.”
Despegar is the leading online travel company in Latin America. Operating across 20 countries, Despegar provides a broad suite of travel products, including airline tickets, travel packages, hotel bookings and other travel products to its large customer base. The company owns and operates two well recognized brands, Despegar, its global brand, and Decolar, its Brazilian brand.
Morgan Stanley & Co. LLC and Citigroup Global Markets Inc. acted as lead bookrunning managers and as representatives of the underwriters for the initial public offering. Itau BBA USA Securities, Inc. and UBS Securities LLC also acted as representatives, and Cowen and Company, LLC and KeyBanc Capital Markets Inc. acted as co-managers.
The Simpson Thacher team included Juan Francisco Méndez, Kirsten A. Harmon and Natalia Parmigiani Merlussi (Corporate); Karen Hsu Kelley, James Rapp and Charles Mathes (Public Company Advisory Practice); Jamin R. Koslowe and Monisha Bhayana (Executive Compensation and Employee Benefits); Jacqueline Clinton (Tax); and Marcela Robledo and Amber Harezlak (Intellectual Property).