BIRMINGHAM,
Mich., July 23, 2024 /PRNewswire/ -- OneStream,
Inc. today announced the pricing of its initial public offering of
24,500,000 shares of its Class A common stock, at a public offering
price of $20.00 per share. The shares
are expected to begin trading on the Nasdaq Global Select Market on
July 24, 2024 under the symbol "OS."
The offering is expected to close on July
25, 2024, subject to customary closing conditions.
The offering consists of 18,054,333 shares of
Class A common stock to be sold by OneStream and 6,445,667 shares
to be sold by existing stockholders. In addition, OneStream has
granted the underwriters a 30-day option to purchase up to an
additional 3,675,000 shares of Class A common stock from OneStream
at the initial public offering price, less underwriting discounts
and commissions.
OneStream intends to use a portion of the net
proceeds to it from this offering to purchase newly issued common
units of OneStream Software LLC, of which OneStream will be the
sole manager. OneStream intends to use the remaining net proceeds
to purchase common units of OneStream Software LLC and shares of
Class C common stock from certain of its existing stockholders in a
synthetic secondary transaction at a purchase price per unit equal
to the initial public offering price per share of Class A common
stock, net of underwriting discounts and commissions. OneStream
will not receive any proceeds from the sale of shares by the
selling stockholders.
Morgan Stanley, J.P. Morgan and KKR are acting as
lead book-running managers for the offering. BofA Securities,
Citigroup and Guggenheim Securities are acting as book-running
managers and Raymond James,
Scotiabank, Truist Securities, BTIG, Needham & Company, Piper
Sandler, TD Cowen and Wolfe | Nomura
Alliance are acting as additional book-running managers for
the offering. Amerivet Securities, Blaylock
Van, LLC, Cabrera Capital Markets LLC, Drexel Hamilton and Loop Capital Markets are
acting as co-managers for the offering.
A registration statement relating to these
securities has been filed with the Securities and Exchange
Commission and was declared effective on July 23, 2024. The offering is being made only by
means of a prospectus. Copies of the prospectus relating to this
offering may be obtained from: Morgan Stanley & Co. LLC,
Prospectus Department, 180 Varick Street, New York, New York 10014, or email:
prospectus@morganstanley.com; and J.P. Morgan Securities LLC, c/o
Broadridge Financial Solutions, 1155 Long Island Avenue,
Edgewood, NY 11717, or email:
prospectus-eq_fi@jpmchase.com and
postsalemanualrequests@broadridge.com.
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.
About OneStream
OneStream is how today's Finance teams can go
beyond just reporting on the past and Take Finance Further by
steering the business to the future. It's the leading enterprise
finance platform that unifies financial and operational data,
embeds AI for better decisions and productivity, and empowers the
Office of the CFO to become a critical driver of business strategy
and execution. With more than 1,400 customers and 250 go-to-market,
implementation and development partners, our vision is to be the
operating system for modern finance.
Disclaimer
"Wolfe | Nomura
Alliance" is the marketing name used by Wolfe Research
Securities and Nomura Securities International, Inc. in connection
with certain equity capital markets activities conducted jointly by
the firms. Both Nomura Securities International, Inc. and WR
Securities, LLC are serving as underwriters in the offering
described herein. In addition, WR Securities, LLC and certain of
its affiliates may provide sales support services, investor
feedback, investor education, and/or other independent equity
research services in connection with this offering.
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SOURCE OneStream Software LLC