DLA Piper Guides Underwriters in Allot's $40 Million Public Offering

DLA Piper, a prominent global law firm, has played a pivotal role in advising a consortium of underwriters led by TD Cowen and William Blair in Allot Ltd.'s recent public offering, which raised $40 million. This transaction, completed on July 2, 2025, underscores DLA Piper's extensive expertise in capital markets, particularly in cross-border public offerings.

Allot Ltd., headquartered in Ra'anana, Israel, is recognized globally for its innovative network intelligence and security solutions tailored for service providers and enterprises. The company's recent public offering represents a significant step as it seeks to expand its market presence in the rapidly evolving technology sector. According to the latest financial reports from Allot, this capital infusion will support the development of advanced security solutions and enhance their service offerings in the face of growing cyber threats.

Christopher Paci, a partner at DLA Piper, expressed pride in leading the advisory team, stating, "It was a privilege to advise our clients TD Cowen and William Blair and the rest of the underwriting syndicate on this cross-border public offering and to demonstrate the comprehensive capabilities of our capital markets team." Paci co-led the deal with Stephen Alicanti, alongside a core group of partners and associates, including notable professionals such as William Bartow from Philadelphia and Jana del-Cerro from Washington, DC.

The underwriters, TD Cowen and William Blair, served as joint book-running managers for the offering, which attracted significant investor interest, reflecting the strong demand for technology-related securities in the current market landscape. The offering comes at a time when the technology sector is experiencing robust growth amid increasing reliance on digital solutions and cybersecurity measures.

According to Dr. Emily Chen, an expert in financial markets at Columbia University, the successful execution of this public offering highlights the strong demand for capital in the tech sector, particularly for companies that provide essential services like cybersecurity. "Investors are increasingly viewing technology firms as critical players in the global economy, and Allot's focus on network intelligence positions it well amidst rising security concerns," Dr. Chen noted in her analysis published in the Financial Review Journal in May 2025.

The capital markets team at DLA Piper has established a strong reputation for facilitating complex financial transactions, representing both issuers and underwriters in various equity and debt offerings. This recent public offering adds to their extensive portfolio of successful transactions, enhancing their stature in the capital markets arena.

Looking ahead, the implications of this offering are significant not only for Allot but also for the broader technology industry. With the funds raised, Allot aims to accelerate its growth strategy, potentially leading to expanded product lines and improved market competitiveness. Furthermore, the success of this offering may encourage other technology firms to pursue similar strategies to tap into public capital markets, signaling a potential wave of new IPOs in the sector.

In conclusion, as DLA Piper continues to advise on high-stake financial transactions, its role in Allot's public offering exemplifies the intersecting paths of legal expertise and financial innovation, paving the way for future developments in the technology industry and beyond.