find the latest legal job
Senior Associate - Litigation & Dispute Resolution
Category: Litigation and Dispute Resolution | Location: Melbourne CBD & Inner Suburbs Melbourne VIC
· Come work for a firm ranked in Lawyers Weekly Top 25 Attraction Firms
View details
Associate - Workplace Relations & Safety
Category: Industrial Relations and Employment Law | Location: Brisbane CBD & Inner Suburbs Brisbane QLD
· Employer of choice · Strong team culture
View details
Freelance Lawyers
Category: Banking and Finance Law | Location: All Perth WA
· Freelance opportunities through Vario from Pinsent Masons
View details
Freelance Lawyers
Category: Other | Location: All Adelaide SA
· • Qualified lawyer with a strong academic background
View details
Freelance Lawyers
Category: Other | Location: All Melbourne VIC
· • Qualified lawyer with a strong academic background
View details
‘Creative use of technology’ on display in start-up IPO

‘Creative use of technology’ on display in start-up IPO


New York-based start-up Updater has launched on the ASX.

Firms: Clifford Chance (Moelis Advisory Australia Pty Ltd and Euroz Securities Limited); DLA Piper (Updater)

Deal: Moelis Advisory Australia Pty Ltd and Euroz Securities Limited acted as underwriters to the initial public offering (IPO) of Updater, Inc on the Australian Stock Exchange (ASX).

Area: IPO

Value: Undisclosed

Key players: Clifford Chance partner Lance Sacks led the deal, with support from associates Terence Kwong and Alexandra Boxall.

The DLA Piper team was led by corporate partner Catherine Merity, supported by senior associates Kelly Morrison and Rosamond Sayer, and graduate Luke Vancliffe-Davies.

Deal significance: Updater, founded in 2010, is a New York-based start-up that has developed an online platform to coordinate the relocation process for consumers moving into and around the US. 

Specifically, the platform helps users manage the resource-heavy tasks of transferring utility companies, amenities and updating contact details when relocating premises.

Mr Sacks said: "The increasingly prevalent demand economy is driving growth for a number of technology-based service companies.

“It is exciting for us to work on these types of transactions, as we're seeing a real upswing in the creative use of technology to address the needs of consumers."

Like this story? Read more:

QLS condemns actions of disgraced lawyer as ‘stain on the profession’

NSW proposes big justice reforms to target risk of reoffending

The legal budget breakdown 2017

‘Creative use of technology’ on display in start-up IPO
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Quentin Bryce
Oct 18 2017
DV has worsened in a generation: Quentin Bryce
Former governor-general of Australia Dame Quentin Bryce AD CVO has spoken of her deep distress about...
Oct 18 2017
Academics entertain the idea of law without lawyers
Researchers from Queensland will explore some of the most disruptive trends tipped to transform the ...
Please, Continue (Hamlet), Melbourne Festival
Oct 16 2017
Hamlet suffers slings and arrows of top Victorian barristers
Victorian judges and barristers have performed the unique play Please, Continue (Hamlet) at the Melb...
Allens managing partner Richard Spurio, image courtesy Allens' website
Jun 21 2017
Promo season at Allens
A group of lawyers at Allens have received promotions across its PNG and Australian offices. ...
May 11 2017
Partner exits for in-house role
A Victorian lawyer has left the partnership of a national firm to start a new gig with state governm...
Esteban Gomez
May 11 2017
National firm recruits ‘major asset’
A national law firm has announced it has appointed a new corporate partner who brings over 15 years'...
Nicole Rich
May 16 2017
Access to justice for young transgender Australians
Reform is looming for the process that young transgender Australians and their families must current...
Geoff Roberson
May 11 2017
The lighter side of the law: when law and comedy collide
On the face of it, there doesn’t seem to be much that is amusing about the law, writes Geoff Rober...
May 10 2017
Advocate’s immunity – without fear or without favour but not both
On 29 March 2017, the High Court handed down its decision in David Kendirjian v Eugene Lepore & ...