CAMBRIDGE, Mass., June 27, 2018 /PRNewswire/ -- EverQuote,
Inc. ("EverQuote"), a leading online insurance marketplace in the
U.S., connecting consumers with insurance providers, today
announced the pricing of its initial public offering of 4,687,500
shares of its Class A common stock at a public offering price of
$18 per share, before underwriting
discounts and commissions. The shares are scheduled to begin
trading on the Nasdaq Global Market on June
28, 2018 under the ticker symbol "EVER." EverQuote is
offering 3,125,000 shares of Class A common stock and selling
stockholders are offering 1,562,500 shares of Class A common
stock.
In addition, EverQuote has granted the underwriters a 30-day
option to purchase up to 703,125 additional shares of Class A
common stock from EverQuote at the public offering price, less
underwriting discounts and commissions.
The offering is expected to close on July
2, 2018, subject to customary closing conditions.
J.P. Morgan and BofA Merrill Lynch are acting as lead
book-running managers for the offering. Canaccord Genuity, JMP
Securities, Needham & Company, Oppenheimer & Co.,
Raymond James and William Blair are acting as co-managers for the
offering.
A registration statement relating to these securities was
declared effective by the Securities and Exchange Commission on
June 27, 2018. Copies of the
registration statement can be accessed by visiting the Securities
and Exchange Commission website at www.sec.gov.
This offering is being made only by means of a prospectus.
A preliminary prospectus describing the terms of the offering has
been filed with the Securities and Exchange Commission and forms a
part of the effective registration statement. A copy of the final
prospectus relating to the offering will be filed with the
Securities and Exchange Commission, and may be obtained, when
available, from J.P. Morgan Securities LLC, c/o Broadridge
Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by telephone at (866)
803-9204; or from BofA Merrill Lynch, NC1-004-03-43, 200 North
College Street, 3rd Floor, Charlotte,
NC 28255-0001, Attn: Prospectus Department, or by emailing
dg.prospectus_requests@baml.com.
This press release shall not constitute an offer to sell or a
solicitation of an offer to buy, nor shall there be any sale of
these securities in any state or jurisdiction in which such an
offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such state or
jurisdiction.
About EverQuote
EverQuote operates a leading online insurance marketplace in the
U.S., connecting consumers with insurance providers. The company's
data & technology platform matches and connects consumers
seeking to purchase insurance with relevant options from the
company's broad direct network of insurance providers, saving
consumers and providers time and money. EverQuote was founded with
the vision of applying a scientific, data-driven approach to help
consumers find the best price and coverage for their individual
insurance needs.
Investor Relations Contact:
Brinlea Johnson
The Blueshirt Group
212-331-8424
Brinlea@blueshirtgroup.com
Media Contact:
Ryan Ruffing
rruffing@everquote.com
(617) 206-6561
View original
content:http://www.prnewswire.com/news-releases/everquote-announces-pricing-of-initial-public-offering-300673721.html
SOURCE EverQuote, Inc.