Late Stage Financings – Palo Alto Session

04/27/2016 12:00 p.m. - 02:30 p.m.

Corporate Finance | Capital Markets, Financial Institutions + Financial Services, IPOs, Private Placements + PIPEs, and Late Stage Investments

Morrison & Foerster LLP
755 Page Mill Road
Palo Alto, CA

Susan H. Mac Cormac

Susan H. Mac Cormac


Jane Amon
(415) 268-6191

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Successful privately held companies considering their liquidity opportunities or eyeing an IPO often turn to late stage private placements. Late stage private placements with institutional investors, cross-over investors and strategic investors raise a number of considerations that are distinct from those arising in earlier stage and venture transactions. Also, for some companies, the late stage private is a prelude to a strategic transaction or an IPO.


  • Timing and process;
  • How are the terms of late stage private placements different;
  • Diligence, projections and information sharing;
  • Providing liquidity to early investors and founders through a secondary component;
  • IPO and acquisition ratchets;
  • Governance issues;
  • Valuation issues;
  • The placement agent’s role; and
  • Planning for a sale or an IPO in your negotiations.


  • Anand Subramanian, Qatalyst Partners
  • Barb Izzo, former Managing Director at a Fortune 100 public company, advisor to several successful Silicon Valley tech companies.
  • Jeff Thomas, NASDAQ Private Market
  • Anna Pinedo, Morrison & Foerster LLP
  • Susan Mac Cormac, Morrison & Foerster LLP

Additional speakers to be announced at a later date.

Registration/Lunch: 11:30 AM – 12:00 PM
Session: 12:00 PM – 2:30 PM

CLE Credit is pending for New York and California.

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