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Kevin P. Kennedy
 

Kevin P. Kennedy

Partner
 
2475 Hanover Street
Palo Alto, CA 94304 
 
Email:
Phone: +1-650-251-5130
Fax: +1-650-251-5002

Located in Palo Alto, Kevin Kennedy currently serves as the Global Head of the Firm’s Technology Practice. Possessing what Chambers described as “great depth of experience in all facets of capital markets,” and one of a handful of lawyers ranked in Chambers’ highest category for Capital Markets in the U.S., Kevin primarily focuses on securities and corporate governance matters. Since helping to found the Firm’s Palo Alto office more than 20 years ago, Kevin has represented issuers and underwriters on many of the highest-profile securities transactions undertaken by the leading technology and life science companies of this century. Recent highlights include representing the underwriters in Airbnb’s $3.83 billion IPO and Airbnb in its April 2020 $1 billion investment from Silver Lake Partners; financial advisors in the direct listing by Roblox, which valued the company at $45 billion and is the largest direct listing by market capitalization ever completed; XPeng in its 2020 IPO, the largest IPO ever completed by an electric vehicle manufacturer; 10x Genomics in the largest life sciences IPO of 2019; and ZS Pharma in its $2.7 billion acquisition by AstraZeneca. Kevin represented the underwriters in Tesla Motors’ IPO and on all 15 subsequent public offerings, raising more than $25 billion in total proceeds. He also represented Goldman Sachs in Apple’s $17 billion bond offering—then the largest-ever corporate debt offering—and all subsequent 25 offerings raising more than $150 billion in total proceeds – the largest amount of aggregate debt ever raised by a corporate issuer in history. Kevin was recently selected among the “Top 100 Lawyers in California” for 2020 by the Daily Journal and recognized by Law360 as a 2018 “Technology MVP” for his work in several of that year’s highest-profile IPOs, including Dropbox and Sonos. He has also been named the “Lawyer of the Week” by the Financial Times of London, as well as a “Trusted Adviser” by The Recorder. Kevin is a lead co-author of the book titled, “IPOs: Considerations for Business Owners and Executives Taking their Company Public,” recently published by Donnelley Financial Solutions.

Kevin currently serves as a Board Member for the Bowles Hall Foundation and as a member of the Board of Trustees of the University of California, Berkeley Foundation. He was previously a member of the Executive Board of the Berkeley Center for Law, Business and the Economy and a Board Member of the Boalt Hall Alumni Association for a number of years. 

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Work Highlights
  • Underwriters in Airbnb’s $3.83 billion IPO
  • Airbnb in its $1 billion investment from Silver Lake Partners and its most recent preferred stock offering, which also raised over $1 billion in proceeds
  • Financial advisors in the direct listing by Roblox, which valued the company at $45 billion and was the largest direct listing ever completed at that time
  • 10x Genomics in its $448.5 million IPO—the largest life sciences IPO of 2019—and $506 million follow-on offering
  • XPeng in its $1.72 billion IPO—the largest-ever IPO completed by an electric vehicle manufacturer—and subsequent follow-on offering
  • Alibaba Group Holding Ltd. in its $7 billion debt offering
  • Underwriters in Dropbox’s $969 million IPO
  • ZS Pharma in its $2.7 billion acquisition by AstraZeneca
  • Underwriters in Apple’s $17 billion bond offering—the largest-ever corporate debt offering at the time—and all subsequent registered public offerings by Apple, for a total of more than $150 billion in proceeds
  • Underwriters in connection with eBay’s IPO and follow-on stock offerings
  • Underwriters in connection with the $260 million IPO of Tesla Motors, Inc.—the first initial public offering by a U.S. auto manufacturer since 1956—and subsequent offerings totaling more than $25 billion in proceeds
  • Merrill Lynch & Co., as underwriter, in the IPO of Nu Skin Enterprises—the first simultaneous U.S./Japanese IPO in history
Accolades
  • Daily Journal 2020 “Top 100 Lawyers in California”
  • Law360 2019 “Technology MVP”
  • Chambers USA
  • Chambers Global
  • Times of London “Lawyer of the Week”
Education
  • University of California Berkeley School of Law, 1991 J.D.
  • University of California at Davis, 1988 B.A.
Associations
  • California State Bar Association
  • Board Member, Bowles Hall Foundation
Admissions
  • California 1992

Located in Palo Alto, Kevin Kennedy currently serves as the Global Head of the Firm’s Technology Practice. Possessing what Chambers described as “great depth of experience in all facets of capital markets,” and one of a handful of lawyers ranked in Chambers’ highest category for Capital Markets, Kevin primarily focuses on securities and corporate governance matters. Since helping to found the Firm’s Palo Alto office more than 20 years ago, Kevin has represented issuers and underwriters on many of the highest-profile securities transactions undertaken by the leading technology and life science companies of this century. Kevin was recently selected among the “Top 100 Lawyers in California” for 2020 by the Daily Journal and recognized by Law360 as a 2018 "Technology MVP” for his work in several of the year’s highest-profile IPOs, including Dropbox and Sonos. He has also been named the “Lawyer of the Week” by the Financial Times of London, as well as a “Trusted Adviser” by The Recorder.

Kevin is a lead co-author of the book titled, “IPOs: Considerations for Business Owners and Executives Taking their Company Public," recently published by Donnelley Financial Solutions. In addition, he has spoken on securities matters at the Annual Institute on Securities Laws, sponsored by the Practising Law Institute, and has published numerous articles on securities, corporate governance matters and initial public offerings.

Representative examples of Kevin’s capital markets experience include the following:

  • Underwriters in Airbnb’s $3.83 billion IPO
  • Airbnb in its $1 billion investment from Silver Lake Partners and its most recent preferred stock offering, which also raised over $1 billion in proceeds
  • Financial advisors in the direct listing by Roblox, which valued the company at $45 billion and was the largest direct listing ever completed at that time 
  • 10x Genomics in its $448.5 million IPO—the largest life sciences IPO of 2019
  • XPeng in its $1.72 billion IPO—the largest-ever IPO completed by an electric vehicle manufacturer - and subsequent follow on offering
  • Underwriters in Sonos’ $208 million IPO 
  • Alibaba Group Holding Ltd. in its $7 billion debt offering
  • Underwriters in Dropbox’s $969 million IPO
  • ZS Pharma in its $2.7 billion acquisition by AstraZeneca
  • Underwriters in Apple’s $17 billion bond offering—the largest-ever corporate debt offering at the time—and all subsequent registered public offerings by Apple, for a total more than $150 billion in proceeds
  • Underwriters in connection with the $260 million IPO of Tesla Motors, Inc.—the first initial public offering by a U.S. auto manufacturer since 1956—and on all 15 subsequent public offerings, which have raised more than $25 billion in total proceeds
  • Underwriters in connection with the $230 million IPO of Vince Holding Corp. 
  • Apple in connection with its $661 million convertible notes offering–the largest-ever convertible debt offering undertaken by a company at that time
  • Underwriters in connection with eBay’s IPO and follow-on stock offerings
  • Merrill Lynch & Co. as underwriter in the IPO of Nu Skin Enterprises—the first simultaneous U.S./Japanese IPO in history
  • Various underwriters and issuers in connection with common and preferred equity, investment grade debt and convertible debt offerings on behalf of Active Software, Advanced Energy Industries, Airbnb, Alibaba, Allakos, Amazon.com, Apple, BackWeb Technologies, Bare Escentuals, Bedford Property Investors, Burke Industries, Calgene, Cardiome Pharma, Cell Therapeutics, Ceres, Cirrus Logic, Clayton Homes, Cobalt Networks, Demand Media, Dial Corporation, Dropbox, eBay, FormFactor, Foundation Health, Fox Factory, FTI Consulting, Gensia Pharmaceuticals, Gentek Building Products, ICOS Corporation, InsWeb Corporation, Intelligent Surgical Lasers, KeraVision, Labor Ready, Limelight Networks, lululemon athletica, National Semiconductor, Nexagen, Nuance Communications, NuSkin Enterprises, Pets.com, Playtex, Potlatch Corporation, Portal Software, Read Rite, Resonate Software, SanDisk, Sonos, Sun Microsystems, Shutterfly, Tesla Motors, TIBCO Software, TTM Technologies, Vince Holding Corp., Vivint Solar, XPeng and ZS Pharma

Prior to joining Simpson Thacher in 2000, Kevin was a Partner in the Menlo Park office of Shearman & Sterling. He holds degrees from Boalt Hall School of Law, UC Berkeley, and UC Davis. He currently serves as a Board Member for the Bowles Hall Foundation and as a member of the Board of Trustees of the University of California, Berkeley Foundation. Kevin was a member of the Executive Board of the Berkeley Center for Law, Business and the Economy and a Board Member of the Boalt Hall Alumni Association for a number of years.

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      Spotlight on
      Getting The Deal Through: Initial Public Offerings 2022
      Spotlight on
      Initial Public Offerings: Considerations for Business Owners and Executives Taking Their Company Public