DLA Piper represents underwriters in Trupanion initial public offering

DLA Piper has represented the underwriters for Trupanion, a medical coverage provider for pets, in its $82m (£48m) initial public offering (IPO) on the New York Stock Exchange (NYSE), which included shares sold upon exercise of the underwriters’ option to purchase additional shares.

The DLA Piper team representing the underwriters in the Trupanion IPO was led by partner Peter Astiz, global co-head of the firm’s technology practice, partner Trent Dykes (Seattle) and senior associate Andrew Ledbetter (Seattle), and included associates Kevin Criddle and Kerra Melvin (both of Seattle).

RBC Capital Markets, Barclays and Stifel acted as joint book-running managers for the offering. Canaccord Genuity and Cowen and Company acted as co-managers for the offering.

This is one of seven IPOs in the US handled by DLA Piper to date this year.