Sidley represented Flex Ltd. (Nasdaq: FLEX), an American multinational manufacturing company domiciled in Singapore, and its Fremont, California-based solar technology subsidiary, Nextracker Inc. (Nasdaq: NXT), in its upsized US$638 million initial public offering, selling 3.34 million more shares than expected at US$24 each, which was slightly above the proposed US$21 – US$23 range. The underwriters exercised in full their option to purchase up to an additional 3.99 million shares of common stock at the IPO price, less underwriting discounts and commissions, bringing the total offering size to $734,160,000 and making it the largest IPO of the year. The IPO closed on February 13, 2023.

The Sidley deal team was led by Sharon Flanagan (M&A) and Sam Gandhi (Capital Markets) and included Lindsey Smith, Helen Theung, Adam Gross, Hana Lee, Diahndra Burman, Jessica Li, Gabriella Tang, and Sara Zokaei (Capital Markets); Dan Belke and Alex Enion (M&A); Kyle Barnett (Technology and Life Sciences Transactions); Suresh Advani, John Schaff, Tyler Replogle, Joshua Sandler, and Ryan Schroeder (Tax); Katie Klaben (Securities Enforcement and Regulatory); Colleen Lauerman, Andrew Shoyer, and Justin Becker (Global Arbitration, Trade and Advocacy); Maureen Crough (Environmental); Colleen Theresa Brown and Lauren Kitces (Privacy and Cybersecurity); and Eric Winwood and Marian Fielding (Employee Benefits and Executive Compensation).

Sidley also represented Flex Ltd. in its sale of US$500 million of convertible preferred equity in Nextracker to TPG Rise Climate in February 2022.~~Sidley represented Flex Ltd. (Nasdaq: FLEX), an American multinational manufacturing company domiciled in Singapore, and its Fremont, California-based solar technology subsidiary, Nextracker Inc. (Nasdaq: NXT), in its upsized US$638 million initial public offering, selling 3.34 million more shares than expected at US$24 each, which was slightly above the proposed US$21 – US$23 range. The underwriters exercised in full their option to purchase up to an additional 3.99 million shares of common stock at the IPO price, less underwriting discounts and commissions, bringing the total offering size to $734,160,000 and making it the largest IPO of the year. The IPO closed on February 13, 2023.

The Sidley deal team was led by Sharon Flanagan (M&A) and Sam Gandhi (Capital Markets) and included Lindsey Smith, Helen Theung, Adam Gross, Hana Lee, Diahndra Burman, Jessica Li, Gabriella Tang, and Sara Zokaei (Capital Markets); Dan Belke and Alex Enion (M&A); Kyle Barnett (Technology and Life Sciences Transactions); Suresh Advani, John Schaff, Tyler Replogle, Joshua Sandler, and Ryan Schroeder (Tax); Katie Klaben (Securities Enforcement and Regulatory); Colleen Lauerman, Andrew Shoyer, and Justin Becker (Global Arbitration, Trade and Advocacy); Maureen Crough (Environmental); Colleen Theresa Brown and Lauren Kitces (Privacy and Cybersecurity); and Eric Winwood and Marian Fielding (Employee Benefits and Executive Compensation).

Sidley also represented Flex Ltd. in its sale of US$500 million of convertible preferred equity in Nextracker to TPG Rise Climate in February 2022.