Kaltura Announces Exercise in Full of the Underwriters’ Option to Purchase Additional Shares
Kaltura announced the full exercise of underwriters' option for an additional 2,250,000 shares in its initial public offering, raising the total to 17,250,000 shares sold. This led to gross proceeds of $172,500,000 before deductions. The IPO was managed by top financial institutions including Goldman Sachs and BofA Securities. The offering was facilitated under a registration statement approved by the Securities and Exchange Commission.
- Successfully raised $172,500,000 in gross proceeds from the IPO.
- Full exercise of the underwriters' option indicates strong market demand.
- None.
NEW YORK, Aug. 09, 2021 (GLOBE NEWSWIRE) -- Kaltura, Inc. (“Kaltura”), the video experience cloud, today announced the underwriters of the previously announced and closed initial public offering of shares of Kaltura’s common stock have fully exercised their option to purchase an additional 2,250,000 shares of common stock at the initial public offering price of
Goldman Sachs & Co. LLC and BofA Securities served as lead book-running managers for the offering. Wells Fargo Securities and Deutsche Bank Securities served as book-running managers for the offering. Canaccord Genuity, JMP Securities, KeyBanc Capital Markets, Needham & Company and Oppenheimer & Co. served 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 from Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, New York 10282, or by telephone at (866) 471-2526, or by email at prospectus-ny@ny.email.gs.com or BofA Securities, NC1-004-03-43, 200 North College Street, 3rd Floor, Charlotte, NC 28255-0001, Attention: Prospectus Department, or by email at dg.prospectus_requests@bofa.com.
A registration statement relating to the sale of these securities has been filed with, and declared effective by, the Securities and Exchange Commission. Copies of the registration statement 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.
About Kaltura
Kaltura’s mission is to power any video experience for any organization. Our Video Experience Cloud offers live, real-time, and on-demand video products for enterprises of all industries, as well as specialized industry solutions, currently for educational institutions and for media and telecom companies. Underlying our products and solutions is a broad set of Media Services that are also used by other cloud platforms and companies to power video experiences and workflows for their own products. Kaltura’s Video Experience Cloud is used by leading brands reaching millions of users, at home, at school and at work, for communication, collaboration, training, marketing, sales, customer care, teaching, learning, virtual events, and entertainment experiences.
Investor Contact:
Kaltura
Yaron Garmazi
Chief Financial Officer
IR@Kaltura.com
Sapphire Investor Relations
Erica Mannion and Michael Funari
+1 617 542 6180
IR@Kaltura.com
Media Contacts:
Kaltura
Lisa Bennett
pr.team@kaltura.com
Headline Media
Raanan Loew
raanan@headline.media
+1 347 897 9276
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