Welcome to our dedicated page for Cs Disco news (Ticker: LAW), a resource for investors and traders seeking the latest updates and insights on Cs Disco stock.
CS Disco, Inc. reports developments in legal technology, centered on DISCO, its cloud-native platform for litigation, eDiscovery, legal document review, case management, investigations and regulatory response. The company serves law firms, corporations, legal services providers and government customers, with revenue generated through software and related support arrangements.
Recurring LAW news covers quarterly financial results, software revenue trends, large-customer activity, AI product development, Cecilia AI and agentic AI capabilities, platform packaging and pricing updates, enterprise customer agreements, board changes and technology-conference presentations.
DISCO (NYSE:LAW) has been recognized in the Forbes 2021 Cloud 100, ranking among the top 100 private cloud companies globally, marking its second consecutive year on this prestigious list. As the only ediscovery company and the sole representative from Austin, DISCO's cloud-native and AI-driven solutions help legal organizations enhance productivity and outcomes. The evaluation process involved market leadership, estimated valuation, operating metrics, and company culture, showcasing DISCO's strong position in the cloud sector amidst ongoing digital transformations.
CS Disco announced the closing of its IPO, offering 7,700,000 shares of common stock at $32.00 per share. This includes the exercise of underwriters' options for an additional 500,000 shares from DISCO and 200,000 from a selling stockholder. Listings for trading commence on the NYSE under the symbol 'LAW'. The offering was registered with the SEC, effective July 20, 2021. Notably, DISCO did not receive proceeds from the shares sold by the selling stockholder.
The Stephens Group announced that its portfolio company DISCO has successfully completed its initial public offering (IPO) on the New York Stock Exchange under the symbol LAW. The shares began trading on July 21, 2021. DISCO specializes in cloud-native, AI-powered legal solutions that streamline ediscovery, document review, and case management for various sectors. Founded in 2013 by Kiwi Camara, DISCO has garnered attention for its innovative approach, supported by a robust team skilled in both technology and law. The Stephens Group has been an investor in DISCO since 2016.
CS Disco has priced its initial public offering (IPO) at $32.00 per share for 7,000,000 common stock shares. An additional 500,000 shares are available for underwriters, along with another 200,000 from a selling stockholder. Trading is set to commence on the New York Stock Exchange under the symbol 'LAW' on July 21, 2021, with the offering closing on July 23, 2021. J.P. Morgan and BofA Securities are the lead managers for this offering.