SendGrid, Inc. (NYSE: SEND), a leading digital communication platform, today announced the closing of its follow-on public offering of 7,514,369 shares of its common stock at a price to the public of $24.00 per share. SendGrid sold 600,000 of the shares, and the selling stockholders sold 6,914,369 of the shares, which included 980,135 shares sold by certain selling stockholders upon the full exercise by the underwriters of their option to purchase additional shares.
Morgan Stanley & Co. LLC and J.P. Morgan Securities LLC acted as joint book-running managers for the offering. William Blair & Company, L.L.C., KeyBanc Capital Markets Inc., Piper Jaffray & Co., Stifel, Nicolaus & Company, Incorporated and Canaccord Genuity LLC acted as co-managers.
The offering was made only by means of a prospectus. A copy of the final prospectus may be obtained from Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, New York 10014 or email at firstname.lastname@example.org; or J.P. Morgan Securities LLC, Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, telephone: 1-866- 803-9204, or email: email@example.com.
A registration statement relating to these securities has been filed with, and declared effective by, the Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, 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.