ZoomInfo Announces Pricing of Secondary Offering of Shares of Class A Common Stock

Rhea-AI Summary

ZoomInfo Technologies Inc. (NASDAQ: ZI) announced a secondary offering of 27 million shares of its Class A common stock at a price of $55.25 per share, with the proceeds going to selling stockholders including TA Associates, The Carlyle Group, and others. No proceeds will go to ZoomInfo itself. The offering is set to close on August 6, 2021, subject to customary conditions. Morgan Stanley is the underwriter. The last reported price of ZoomInfo stock was $56.50 on August 3, 2021. This announcement follows a registration statement with the SEC that is now effective.

Positive

• Successful pricing of secondary offering at a competitive price of $55.25 per share.
• Involvement of reputable investment firms as selling stockholders, indicating strong market interest.

Negative

• Secondary offering may cause dilution of existing shareholders' equity.
• Proceeds from the offering will not benefit ZoomInfo directly, limiting potential growth capital.

ZoomInfo Technologies Inc. (“ZoomInfo”) (NASDAQ: ZI) today announced the pricing of the previously announced secondary offering by certain selling stockholders of ZoomInfo, including investment funds affiliated with TA Associates (“TA”), The Carlyle Group (“Carlyle”) and 22C Capital LLC (“22C Capital”) and an entity affiliated with ZoomInfo’s co-founders (together with TA, Carlyle and 22C Capital, the “Selling Stockholders”), of 27,000,000 shares of ZoomInfo’s Class A common stock pursuant to ZoomInfo’s shelf registration statement filed with the Securities and Exchange Commission (the “SEC”) at the public offering price of $55.25 per share. The Selling Stockholders will receive all of the proceeds from this offering. No shares are being sold by ZoomInfo. The last reported sale price of ZoomInfo’s Class A common stock on August 3, 2021 was $56.50 per share. The offering is expected to close on August 6, 2021, subject to customary closing conditions.

Morgan Stanley is acting as the underwriter for the offering.

A registration statement relating to these securities has been filed with the SEC and has become effective. This news release shall not constitute an offer to sell or a 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.

The offering of these securities will be made only by means of a prospectus. Copies of the prospectus and any prospectus supplement, when available, may be obtained from Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, New York 10014.

About ZoomInfo

ZoomInfo (NASDAQ: ZI) is a leading go-to-market intelligence platform for sales and marketing teams. Its platform delivers comprehensive and high-quality intelligence and analytics to provide sales and marketing professionals accurate information and insight on the organizations and professionals they target. Its software, insights, and data enable over 20,000 companies to sell and market more effectively and efficiently.

Forward Looking Statements

This press release contains “forward-looking statements” within the meaning of the federal securities laws. Forward-looking statements include all statements that are not historical facts. In some cases, you can identify these forward-looking statements by the use of words such as “anticipate,” “believe,” “can,” “continue,” “could,” “estimate,” “expect,” “forecast,” “goal,” “intend,” “may,” “might,” “objective,” “outlook,” “plan,” “potential,” “predict,” “projection,” “seek,” “should,” “target,” “trend,” “will,” “would” or the negative version of these words or other comparable words. Such forward-looking statements are subject to various risks, uncertainties, assumptions, or changes in circumstances that are difficult to predict or quantify. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. These factors include but are not limited to those described under “Risk Factors” in ZoomInfo’s registration statement relating to this offering and ZoomInfo’s Annual Report on Form 10-K for the year ended December 31, 2020. Such factors may be updated from time to time in ZoomInfo’s periodic filings with the SEC, which are accessible on the SEC’s website at www.sec.gov. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in such filings. ZoomInfo undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law.

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FAQ

What is the secondary offering price for ZoomInfo (ZI) shares?

The secondary offering price for ZoomInfo shares is set at $55.25.

When will ZoomInfo's (ZI) secondary offering close?

The secondary offering is expected to close on August 6, 2021.

Who are the selling stockholders in ZoomInfo's (ZI) offering?

The selling stockholders include TA Associates, The Carlyle Group, 22C Capital LLC, and entities affiliated with ZoomInfo's co-founders.

What was ZoomInfo's (ZI) last reported stock price?

The last reported stock price for ZoomInfo was $56.50 per share on August 3, 2021.

Who is the underwriter for ZoomInfo's (ZI) secondary offering?

Morgan Stanley is acting as the underwriter for the offering.