Cooley has taken the lead on a $3 billion initial public offering announced Thursday by Snap Inc., the parent company of photo-sharing and messaging service Snapchat.
The listing by Snap, whose co-founder and CEO Evan Spiegel is the son of a partner at Munger, Tolles & Olson, could be the largest technology stock offering in 2017. Cooley has been a longtime legal adviser to the company, which is based in the Silicon Beach neighborhood near Los Angeles in Venice, California. Snap officially disclosed its IPO plans in a prospectus filed Thursday with the U.S. Securities and Exchange Commission.
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