Corporate performance management solutions provider
Specifically, OneStream has offered 24,500,000 shares of its Class A common stock at a public offering price of $20.00 per share. The shares began trading on the Nasdaq Global Select Market this morning under the symbol “OS.” The offering is expected to close on July 25, 2024, subject to customary closing conditions.
OneStream intends to use a portion of the net proceeds from this offering to purchase newly issued common units of OneStream Software LLC, of which OneStream will be the sole manager. OneStream intends to use the remaining net proceeds to purchase common units of OneStream Software LLC and shares of Class C common stock from certain of its existing stockholders in a synthetic secondary transaction at a purchase price per unit equal to the initial public offering price per share of Class A common stock, net of underwriting discounts and commissions. OneStream will not receive any proceeds from the sale of shares by the selling stockholders.
The announcement comes in the wake of the company’s launch of its “
Also this year, the company
Morgan Stanley, J.P. Morgan and KKR are acting as lead book-running managers for the offering. BofA Securities, Citigroup and Guggenheim Securities are acting as book-running managers and Raymond James, Scotiabank, Truist Securities, BTIG, Needham & Company, Piper Sandler, TD Cowen and Wolfe | Nomura Alliance are acting as additional book-running managers for the offering. Amerivet Securities, Blaylock Van, LLC, Cabrera Capital Markets LLC, Drexel Hamilton and Loop Capital Markets are acting as co-managers for the offering.
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