IPO for Legal Tech Firm CS Disco (LAW) Opens 41% Higher

July 21, 2021 12:31 PM EDT

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Today's IPO for CS Disco, Inc. (NYSE: LAW) opened for trading at $45.26 after pricing 7,000,000 shares of its common stock at a price to the public of $32.00 per share.

J.P. Morgan Securities LLC and BofA Securities Inc. are acting as lead book-running managers and representatives of the underwriters for the offering. Citigroup Global Markets, Inc. and Jefferies LLC are also acting as book-running managers for the offering, and Canaccord Genuity LLC, Cowen and Company, LLC, Needham & Company LLC, Stifel, Nicolaus & Company, Incorporated and Loop Capital Markets LLC are acting as co-managers for the offering.

DISCO is a legal technology company that applies artificial intelligence and cloud computing to legal problems to help lawyers and legal teams improve legal outcomes for their clients. Corporate legal departments, law firms, and government agencies around the world use DISCO for ediscovery, case management, compliance, disputes, and investigations.

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