Silver Spring Networks Announces the Closing of its Initial Public Offering & Full Exercise of the Underwriters’ Over-Allot...
March 18 2013 - 4:30PM
Business Wire
Silver Spring Networks, Inc. (NYSE: SSNI), a leading networking
platform and solutions provider for smart energy networks, today
announced the closing of its previously announced initial public
offering of 5,462,500 shares of common stock at a price to the
public of $17.00 per share, which included 712,500 shares of common
stock issued upon the exercise in full of the underwriters’ option
to purchase additional shares to cover over-allotments. All of the
shares sold in the offering were sold by Silver Spring Networks.
The shares began trading on The New York Stock Exchange on March
13, 2013 under the symbol “SSNI.”
Goldman, Sachs & Co. and Credit Suisse Securities (USA) LLC
acted as joint book-running managers for the offering and Stifel,
Nicolaus & Company, Incorporated, Piper Jaffray & Co.,
Canaccord Genuity Inc., Evercore Group L.L.C., Pacific Crest
Securities LLC and Robert W. Baird & Co. acted as
co-managers.
A registration statement relating to these securities was
declared effective by the Securities and Exchange Commission on
March 12, 2013. This offering was made solely by means of a
prospectus. A copy of the final prospectus related to the offering
may be obtained from: Goldman, Sachs & Co., Attention:
Prospectus Department, 200 West Street, New York, NY 10282,
telephone: 1-866-471-2526 or by emailing
prospectus-ny@ny.email.gs.com or Credit Suisse Securities (USA)
LLC, Attention: Prospectus Department, One Madison Avenue, New
York, New York 10010, telephone: 1-800-221-1037 or by emailing
newyork.prospectus@credit-suisse.com.
This press release shall not constitute an offer to sell or the
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.
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