Marval, Bruchou and 11 international firms line up for Globant’s IPO

Marval, O'Farrell & Mairal and DLA Piper LLP have helped  Globant become the first Latin American software company to go public on the New York stock exchange. The underwriters were advised by Bruchou, Fernández Madero & Lombardi and Simpson Thacher & Bartlett.

The initial public offering, saw Globant raise US$58.6 million, which it will use to repay debts and cover other corporate expenses, as well as to fund potential future acquisitions. The deal was structured as both a primary and secondary offering, the latter of which saw Globant’s shareholders sell off part of their stakes.

Although Globant is headquartered in Argentina, 90 per cent of its clients are located outside the country, and it has operations in Brazil, Colombia, Uruguay, Mexico, the UK and the US. 

The IPO also demonstrates Argentina’s position as an emerging player on the tech scene given the country is known for its highly educated, tech-savvy population. Since it was founded 11 years ago, Globant has developed software for social media, cloud computing gaming and big-data companies.

Counsel to Globant

In-house counsel - Pablo Rojo and Sol Noello 

Argentina: Marval, O'Farrell & Mairal - Partner Hernan Slemenson and associates Daniela Bianchi and Veronica Schilling 

USA: DLA Piper LLP - Partners Christopher Paci, Bruce Wein and Mark Muedeking, and associates Frank Mugabi, David Turner and Stephen Alicanti in New York, and partner Julia Kovacs in Washington, DC and associate Andrew Ledbetter in Seattle and associate Luis Sotelo in Miami

Luxemburg: Arendt & Medernacht - Partner Sophie Wagner and senior associate Alexandre Gobert

Counsel to JP Morgan Securities, Citigroup Global Markets and Credit Suisse Securities (USA) 

Argentina: Bruchou, Fernández Madero & Lombardi - Partner Hugo Bruzone, and associates José Bazán and Martín Cox 

USA: Simpson Thacher & Bartlett LLP - Partner Todd Crider and counsel Kirsten Davis in New York

Luxemburg: Elvinger, Hoss & Purseen. - Partner: Toinon Hoss

Counsel to the Uruguayan shareholders

Sanguinetti Foderé Abogados - Partner Alberto Fodere and associates Alicia Quirici, Sara Gloodtdofsky and Patricia Rodríguez 

Counsel to the Founders Shareholders

Candioti, Gatto Bicain & Ocantos – Partner: Alejandro Candioti

Counsel to Endeavor Global

Brown Rudnick LLP - Partners Alejandro Fiuza, Samuel Williams, Andrew Strehle and Adolfo Garcia, and associate Carolyn Nguyen in Boston

Counsel to FTV

Kirkland & Ellis LLP - Partner Robert Hayward in Chicago

Counsel to WPP

Davis & Gilbert LLP - Partners Curt Myers and Ralph Norton, and counsel Randall Lee in New York.