Legal DealFolio - Carbonite, Inc. Initial Public Offering

Davis Polk advised Merrill Lynch, Pierce, Fenner & Smith Incorporated and J.P. Morgan Securities LLC as joint book-running managers in connection with the initial public offering of 7,187,500 shares of common stock of Carbonite, Inc. for an aggregate offering size of approximately $71.9 million. Carbonite sold an aggregate of 6,303,973 shares, including 937,500 shares pursuant to the full exercise of the underwriters' over-allotment option, and certain selling shareholders sold an aggregate of 883,527 shares. The shares are listed on the Nasdaq Global Market under the symbol "CARB." Headquartered in Boston, Massachusetts, Carbonite is a leading provider of online backup solutions for consumers and small and medium sized businesses. With more than 1.1 million subscribers in over 100 countries, Carbonite provides easy-to-use, unlimited and secure online backup solutions with anytime, anywhere data access. The company has backed up over 100 billion files, has restored over 7 billion files and currently backs up over 200 million files each day. The Davis Polk corporate team included partners Martin A. Wellington and Sarah K. Solum and associates Pavan Jawanda and Liang Dong. Partner Frank J. Azzopardi and associate Randy Samson provided intellectual property advice. Partner Neil Barr and associate Lauren M. Murphey provided tax advice. Counsel Marcie A. Goldstein provided FINRA advice. Joshua Sills, Sorina Delia Lazar and Ines Velasco were the legal assistants for the transaction. Members of the Davis Polk team are based in the Menlo Park and New York offices.

Deal Date:	16-08-2011	Practice Area:	Equity Capital Markets
Deal Title:	Carbonite, Inc. Initial Public Offering	Industry:	Software & Computer Services
Description:	Davis Polk advised Merrill Lynch, Pierce, Fenner & Smith Incorporated and J.P. Morgan Securities LLC as joint book-running managers in connection with the initial public offering of 7,187,500 shares of common stock of Carbonite, Inc. for an aggregate offering size of approximately $71.9 million. Carbonite sold an aggregate of 6,303,973 shares, including 937,500 shares pursuant to the full exercise of the underwriters' over-allotment option, and certain selling shareholders sold an aggregate of 883,527 shares. The shares are listed on the Nasdaq Global Market under the symbol "CARB." Headquartered in Boston, Massachusetts, Carbonite is a leading provider of online backup solutions for consumers and small and medium sized businesses. With more than 1.1 million subscribers in over 100 countries, Carbonite provides easy-to-use, unlimited and secure online backup solutions with anytime, anywhere data access. The company has backed up over 100 billion files, has restored over 7 billion files and currently backs up over 200 million files each day. The Davis Polk corporate team included partners Martin A. Wellington and Sarah K. Solum and associates Pavan Jawanda and Liang Dong. Partner Frank J. Azzopardi and associate Randy Samson provided intellectual property advice. Partner Neil Barr and associate Lauren M. Murphey provided tax advice. Counsel Marcie A. Goldstein provided FINRA advice. Joshua Sills, Sorina Delia Lazar and Ines Velasco were the legal assistants for the transaction. Members of the Davis Polk team are based in the Menlo Park and New York offices.
Financial Center:	Silicon Valley	Value:	100.01-500.00
Advised Party:	Lead Managers	Law Firm	Davis Polk
Issuer Jurisdiction-	United States	Listing Jurisdiction-	United States
Classification:	Initial Public Offerings NASDAQ	Lawyer	Sarah K Solum

Practice Areas -

Equity Capital Markets Law Firms and Lawyers

Practice Areas - Equity Capital Markets Law Firms and Lawyers