OneStream Announces Pricing of Initial Public Offering
OneStream has priced its initial public offering of 24,500,000 shares of Class A common stock at $20.00 per share. Trading is set to begin on the Nasdaq Global Select Market on July 24, 2024, under the symbol 'OS'. The offering includes 18,054,333 shares from OneStream and 6,445,667 from existing stockholders. Underwriters have a 30-day option to purchase up to 3,675,000 additional shares.
OneStream plans to use the proceeds to purchase newly issued common units of OneStream Software and to acquire common units and Class C common stock from existing stockholders. Morgan Stanley, J.P. Morgan, and KKR are leading the offering as book-running managers.
OneStream ha determinado il prezzo della sua offerta pubblica iniziale di 24.500.000 azioni di azioni ordinarie di Classe A a 20,00 $ per azione. La negoziazione dovrebbe iniziare sul Mercato Nasdaq Global Select il 24 luglio 2024, con il simbolo 'OS'. L'offerta include 18.054.333 azioni da OneStream e 6.445.667 da azionisti esistenti. Gli underwriting hanno un'opzione di 30 giorni per acquistare fino a 3.675.000 azioni aggiuntive.
OneStream prevede di utilizzare i proventi per acquistare nuove unità ordinarie di OneStream Software e per acquisire unità ordinarie e azioni ordinarie di Classe C da azionisti esistenti. Morgan Stanley, J.P. Morgan e KKR sono i principali gestori dell'offerta.
OneStream ha fijado el precio de su oferta pública inicial de 24.500.000 acciones de acciones ordinarias de Clase A a $20.00 por acción. Se espera que la negociación comience en el Mercado Global Select de Nasdaq el 24 de julio de 2024, bajo el símbolo 'OS'. La oferta incluye 18.054.333 acciones de OneStream y 6.445.667 de accionistas existentes. Los suscriptores tienen una opción de 30 días para comprar hasta 3.675.000 acciones adicionales.
OneStream planea utilizar los ingresos para comprar unidades ordinarias recién emitidas de OneStream Software y adquirir unidades ordinarias y acciones ordinarias de Clase C de accionistas existentes. Morgan Stanley, J.P. Morgan y KKR están liderando la oferta como gerentes de libros.
OneStream는 자사의 초기 공모 가치를 24,500,000주 클래스 A 보통주에 대해 주당 $20.00로 가격을 책정했습니다. 거래는 2024년 7월 24일에 나스닥 글로벌 셀렉트 마켓에서 'OS' 기호로 시작될 예정입니다. 이번 공모에는 OneStream의 18,054,333주와 기존 주주로부터의 6,445,667주가 포함되어 있습니다. 인수 회사들은 최대 3,675,000주의 추가 매입 옵션을 30일 동안 가집니다.
OneStream는 수익을 사용하여 새로 발행된 OneStream Software의 보통주를 구매하고 기존 주주로부터 보통주 및 클래스 C 보통주를 인수할 계획입니다. 모건 스탠리, J.P. 모건 및 KKR가 북런닝 매니저로 이번 공모를 이끌고 있습니다.
OneStream a fixé le prix de son introduction en bourse initiale à 24.500.000 actions ordinaires de Classe A à 20,00 $ par action. Les échanges devraient commencer sur le Nasdaq Global Select Market le 24 juillet 2024, sous le symbole 'OS'. L'offre comprend 18.054.333 actions provenant de OneStream et 6.445.667 d'actionnaires existants. Les souscripteurs ont une option de 30 jours pour acheter jusqu'à 3.675.000 actions supplémentaires.
OneStream prévoit d'utiliser les produits pour acheter de nouvelles unités ordinaires de OneStream Software et acquérir des unités ordinaires et des actions ordinaires de Classe C auprès des actionnaires existants. Morgan Stanley, J.P. Morgan et KKR dirigent l'offre en tant que gestionnaires de livre.
OneStream hat den Preis für sein Initial Public Offering von 24.500.000 Aktien der Klasse A zu einem Preis von 20,00 $ pro Aktie festgelegt. Der Handel soll am Nasdaq Global Select Market am 24. Juli 2024 unter dem Symbol 'OS' beginnen. Das Angebot umfasst 18.054.333 Aktien von OneStream und 6.445.667 von bestehenden Aktionären. Die Underwriter haben eine 30-tägige Option, bis zu 3.675.000 zusätzliche Aktien zu kaufen.
OneStream plant, die Einnahmen zu verwenden, um neu ausgegebene Stammaktien von OneStream Software zu erwerben sowie Stammaktien und Aktien der Klasse C von bestehenden Aktionären zu kaufen. Morgan Stanley, J.P. Morgan und KKR sind die führenden Manager des Angebots.
- Initial public offering of 24,500,000 shares priced at $20.00 per share
- Expected to begin trading on Nasdaq Global Select Market on July 24, 2024
- Underwriters granted 30-day option to purchase up to 3,675,000 additional shares
- Prominent financial institutions acting as lead book-running managers
- Potential dilution of existing shareholders' ownership
- Company not receiving proceeds from shares sold by existing stockholders
OneStream's announcement about its initial public offering (IPO) is significant for several reasons. Firstly, the pricing at
From a financial perspective, the distribution of shares is also noteworthy. Out of the
Investors should monitor the post-IPO performance closely, especially how the market responds to the initial trading and any subsequent financial reports.
OneStream's IPO is a notable event in the market, especially given the involvement of high-profile underwriting firms like Morgan Stanley, J.P. Morgan and KKR. The presence of these reputed firms as lead book-runners typically adds credibility and might attract more institutional investors. The decision to list on the Nasdaq Global Select Market under the symbol 'OS' places OneStream among a competitive group of technology and software companies, which can influence investor perception positively.
The use of proceeds is another important aspect. OneStream plans to use the funds to purchase newly issued common units of OneStream Software LLC, suggesting that the company is focused on consolidating its structure and possibly fueling further growth. The synthetic secondary transaction to purchase common units and Class C shares from existing stockholders could lead to a more streamlined ownership structure, which might enhance operational efficiency.
Retail investors should weigh these strategic moves against broader market conditions and OneStream's growth potential within the Enterprise Performance Management (EPM) market.
From a legal standpoint, OneStream's IPO follows stringent regulatory compliance, as indicated by the filing of the registration statement with the Securities and Exchange Commission (SEC) and its subsequent effectiveness. This ensures that all material information about the company and its financials is disclosed to potential investors, promoting transparency. The explicit mention that this press release does not constitute an offer to sell in jurisdictions where such offers are unlawful emphasizes the company's adherence to regulatory norms.
Additionally, the involvement of multiple book-running managers and co-managers indicates a robust syndicate, which usually translates to thorough due diligence and greater market confidence in the offering. Investors should be mindful of the customary closing conditions that could affect the finalization of the IPO on the expected date.
The legal framework surrounding IPOs is designed to protect investors and OneStream's compliance with these regulations reinforces the credibility of this offering. Investors should take comfort in the extensive legal oversight involved in this transaction.
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,
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
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