IPOs
By The Online Investor Staff, updated Sun., Dec. 15, 11:46 AM
| This Slide: #1 of 15 |
Slide #1. Sprout Social, Inc. — Initial Public Offering
Company:
Sprout Social, Inc.
Proposed Symbol:
SPT
Shares Offered:
8,823,530
Price Per Share:
$17.00
Over-Allotment:
1,323,529
Description:
Sprout Social, Inc. ("Sprout Social" or the "Company") announced today the pricing of its initial public offering of 8,823,530 shares of Class A common stock at a price to the public of $17.00 per share. In addition, the Company has granted the underwriters a 30-day option to purchase up to an additional 1,323,529 shares of Class A common stock at the initial public offering price, less underwriting discounts and commissions. The shares are expected to begin trading on the Nasdaq Capital Market on December 13, 2019 under the ticker symbol "SPT." The offering is expected to close on December 17, 2019, subject to the satisfaction of customary closing conditions.
