Davis Polk & Wardwell LLP

Davis Polk & Wardwell LLP is at the forefront of direct listings and SPAC IPOs. With strength on both East and West Coasts it works on deals involving old and new economy issuers. In 2023, it worked on a high proportion of the largest US IPOs, including advising the underwriters on Arm Holdings’ $4.87bn IPO and advising the underwriters on the $4.37bn IPO by Kenvue. The capital markets team is awash with senior talent and those that are making a further impression. Michael Kaplan, Richard Truesdell and co-head of the Northern California office Alan Denenberg, are top names in the industry. John Meade, Byron Rooney, Deanna Kirkpatrick and Nicole Brookshire are also fine practitioners, along with Derek Dostal and Roshni Banker Cariello. Named individuals are based in New York unless stated otherwise.