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

Rhea-AI Summary

ZoomInfo Technologies announced an upsized secondary offering, increasing shares from 20 million to 27 million. The selling stockholders, including TA Associates and The Carlyle Group, will retain all proceeds. No shares are sold by ZoomInfo itself. The last sale price per share was $54.78. Morgan Stanley is acting as the underwriter, with the offering executed under a previously effective SEC registration statement. The company emphasizes that this does not constitute a solicitation to buy shares in unauthorized jurisdictions.

ZoomInfo Technologies Inc. (“ZoomInfo”) (NASDAQ:ZI) today announced an upsizing of the previously announced underwritten 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”), to 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”). This represents an increase of 7,000,000 shares from the previously announced offering size of 20,000,000 shares. 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 2, 2021 was $54.78 per share.

Morgan Stanley is acting as the underwriter for the offering. The underwriter proposes to offer the shares of Class A common stock to the public at a fixed price, which may be changed at any time without notice.

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 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 ZoomInfo's recent stock offering news for ZI?

ZoomInfo announced an increase in its secondary offering from 20 million to 27 million shares for selling stockholders.

Who are the selling stockholders in ZoomInfo's offering?

The selling stockholders include TA Associates, The Carlyle Group, and 22C Capital.

When was the last reported sale price of ZoomInfo's stock?

The last reported sale price of ZoomInfo's Class A common stock was $54.78 on August 2, 2021.

Who is the underwriter for ZoomInfo's stock offering?

Morgan Stanley is the underwriter for the secondary offering.

What does the upsized offering mean for ZoomInfo's stock?

The upsized offering indicates increased interest from selling stockholders but does not involve new capital for ZoomInfo itself.