LAS VEGAS, Oct. 5, 2017 /PRNewswire/ -- Switch, Inc.
("Switch") announced today the pricing of its initial public
offering of 31,250,000 shares of its Class A common stock at a
public offering price of $17.00 per
share. All of the shares of Class A common stock are being offered
by Switch. The shares are expected to begin trading on the New York
Stock Exchange on October 6, 2017
under the ticker symbol "SWCH." In addition, Switch has granted the
underwriters a 30-day option to purchase from Switch up to an
additional 4,687,500 shares of its Class A common stock at the
initial public offering price, less the underwriting discount and
commissions.
The closing of the offering is expected to occur on October 11, 2017, subject to the satisfaction of
customary closing conditions.
Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, BMO
Capital Markets Corp. and Wells Fargo Securities, LLC are serving
as lead bookrunners and as representatives of the underwriters for
the offering. Citigroup Global Markets Inc., Credit Suisse
Securities (USA) LLC and Jefferies
LLC are serving as bookrunners for the offering. BTIG, LLC,
Raymond James & Associates,
Inc., Stifel, Nicolaus & Company, Inc. and William Blair & Company, L.L.C. are serving
as co-managers for the offering.
A registration statement relating to these securities was
declared effective by the U.S. Securities and Exchange Commission.
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 offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
The offering will be made only by means of a prospectus. A copy
of the final prospectus relating to this offering, when available,
may be obtained from any of the following sources:
- Goldman Sachs & Co. LLC, Attention: Prospectus Department,
200 West Street, New York, NY
10282, or by telephone at (866) 471-2526, or by email at
prospectus-ny@ny.email.gs.com;
- J.P. Morgan Securities LLC, Attention: Broadridge Financial
Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by telephone at (866)
803-9204, or by email at prospectus-eq_fi@jpmchase.com;
- BMO Capital Markets Corp., Attention: Equity Syndicate
Department Times Square, 25th Floor, New
York, NY 10036, or by telephone at (800) 414-3627, or by
email at bmoprospectus@bmo.com; or
- Wells Fargo Securities, LLC, Attention: Equity Syndicate
Department, 375 Park Avenue, NY 10152, or by email at
cmclientsupport@wellsfargo.com, or by telephone at (800)
326-5897.
About Switch
Switch is a technology infrastructure company powering the
sustainable growth of the connected world and the Internet of
Everything. Switch's mission is to enable the advancement of
humanity by creating smart, resilient and sustainable
infrastructure solutions that support the most innovative
technology ecosystems. Switch focuses on the design, construction
and operation of some of the world's most reliable, secure,
resilient and sustainable data centers. Switch's advanced data
centers are the center of its platform and provide power densities
that exceed industry averages with efficient cooling, while being
powered by 100% renewable energy.
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SOURCE Switch, Inc.