The RealReal Inc. Announces Closing of Initial Public Offering and Full Exercise of Overallotment Option
July 02 2019 - 4:32PM
The RealReal, Inc. (“The RealReal”) (NASDAQ: REAL) today announced
the closing of its initial public offering of 17,250,000 shares of
its common stock, which includes the exercise in full by the
underwriters of their overallotment option to purchase up to
2,250,000 shares of common stock -- bringing total gross proceeds
from the offering to approximately $345.0 million before deducting
underwriting discounts and commissions and other offering expenses
payable by The RealReal. The shares began trading on The Nasdaq
Global Select Market on June 28, 2019, under the symbol “REAL.”
Credit Suisse Securities (USA) LLC, BofA Merrill Lynch and UBS
Securities LLC acted as lead book-running managers for the offering
and as representatives of the underwriters. KeyBanc Capital Markets
Inc. and Stifel, Nicolaus & Company Incorporated acted as
book-running managers, and Cowen and Company LLC and Raymond James
& Associates Inc. acted as co-managers for the offering.
The offering was 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 Merrill Lynch, Attn:
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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