CORRECTION – The RealReal Inc. Announces Pricing of Initial Public Offering
June 27 2019 - 11:53PM
In a release issued under the same headline earlier today by The
RealReal, it was incorrectly stated that Cowen and Company LLC
and Raymond James & Associates Inc. were acting as book-running
managers for The RealReal's initial public offering. This release
has been updated to accurately reflect their roles as co-managers
for the offering.
The RealReal Inc. (“The RealReal”) today announced
the pricing of its initial public offering of 15,000,000 shares of
its common stock at the initial public offering price of $20.00 per
share. The underwriters have been granted a 30-day option to
purchase up to 2,250,000 additional shares at the initial public
offering price less underwriting discounts and commissions. The
shares are expected to begin trading on The Nasdaq Global Select
Market on June 28, 2019, under the symbol “REAL.” The offering is
expected to close on July 2, 2019, subject to customary closing
conditions.
Credit Suisse Securities (USA) LLC, BofA Securities Inc. and UBS
Securities LLC are acting as lead book-running managers for the
offering and as representatives of the underwriters. KeyBanc
Capital Markets Inc. and Stifel, Nicolaus & Company
Incorporated are acting as book-running managers, and Cowen and
Company LLC and Raymond James & Associates Inc. are acting as
co-managers for the offering.
The offering is being made only by means of a prospectus. A copy
of the final prospectus related to the offering may be obtained,
when available, from: Credit Suisse Securities (USA) LLC, Attn:
Prospectus Department, Eleven Madison Avenue, 3rd Floor, New York,
NY 10010, by telephone at 800-221-1037 or by email at
usa.prospectus@credit-suisse.com; BofA Securities Inc., Attention:
Prospectus Department, NC1-004-03-43, 200 North College Street, 3rd
floor, Charlotte, NC 28255-0001; or UBS Securities LLC, Attn:
Prospectus Department, 1285 Avenue of the Americas, New York, NY
10019, by telephone at (888) 827-7275 or by email at
ol-prospectus-request@ubs.com.
A registration statement relating to the offering has been filed
with, and declared effective by, the U.S. Securities and Exchange
Commission on June 27, 2019. Copies of the registration statement,
as amended, can be accessed through the Securities and Exchange
Commission’s website at www.sec.gov. This press release shall not
constitute an offer to sell or the solicitation of an offer to buy
these securities, 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.
Contacts:Investors: ir@therealreal.com
Press: Meghan Gavigan / Leah Polito / Dan GoldsteinSard
Verbinnen & Co. (415) 618-8750 or (310) 201-2040
RealReal (NASDAQ:REAL)
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