Simpson Thacher represented the underwriters, led by Morgan Stanley & Co. LLC, Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC, in connection with the secondary offering of 6,900,000 shares of Class A common stock, sold by existing stockholders of Rover Group, Inc. (“Rover”). The offering raised gross proceeds for the selling stockholders of $69 million, including the exercise in full of the underwriters’ option to purchase additional shares. The secondary offering closed on November 23, 2021. Rover’s Class A common stock is listed on the Nasdaq Global Select Market under the ticker symbol “ROVR.”
Rover, based in Seattle, is the world’s largest online marketplace for pet care and connects pet parents with caring pet care providers who offer overnight services, including boarding and in-home pet sitting, as well as daytime services, including doggy daycare, dog walking, drop-in visits and grooming.
The Simpson Thacher team included John C. Ericson, Mark Brod and Evan Kenyon (Capital Markets); Genevieve Dorment and Corina McIntyre (Intellectual Property); Jonathan Cantor and Scott Grundei (Tax); David Rubinsky and Hannah Daniels (Executive Compensation and Employee Benefits); and Jennie Getsin (FINRA & Blue Sky).