Eric Jensen, Cooley partner
Eric Jensen, Cooley partner (Jason Doiy / The Recorder)

PALO ALTO — Silicon Valley teams from DLA Piper and Cooley were tapped for’s $168 million initial public offering. The deal marked 2014′s first pure tech IPO from the Bay Area., which was founded in 1998 and avoided the first market crash, provides digital coupons to consumers by partnering with merchants. It provided some 315 billion coupons last year.

The Mountain View-based company’s shares jumped nearly 90 percent in its debut day of trading on the New York Stock Exchange Friday, prompting some to wonder whether it had been priced at a discount. It upsized the offering and priced above the estimated range, selling 10.5 million shares at $16 apiece. The jump in the stock’s value gave the company a market capitalization of more than $2 billion.’s general counsel is Richard Hornstein, who joined the company as chief financial officer in December 2009. He became GC a year later. The DLA team was led by partners Peter Astiz, cohead of the technology sector practice, and Michael Torosian. The Cooley team counseling the underwriters included partners Eric Jensen, John McKenna and Robin Lee and associates Carlton Fleming and David Ambler.

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