Cravath represented the underwriters, led by J.P. Morgan Securities, in connection with the $1.7 billion offering of depositary shares representing preferred stock of JPMorgan Chase & Co., a leading global financial services firm and one of the largest banking institutions in the United States. The shares were listed on the New York Stock Exchange. The transaction closed on September 21, 2018.
The Cravath team included partners William V. Fogg and Michael E. Mariani and associates Zachary R. Smith and Jeffrey M. Amico.