SAN MATEO, Calif.--(BUSINESS WIRE)--Zuora,
Inc. (NYSE:ZUO) today announced the pricing of its initial public
offering of 11,000,000 shares of its Class A common stock at a price to
the public of $14.00 per share. The shares are expected to begin trading
on the New York Stock Exchange on April 12, 2018 under the symbol “ZUO.”
The offering is expected to close on April 16, 2018, subject to
customary closing conditions.
In addition, Zuora has granted the underwriters a 30-day option to
purchase up to 1,650,000 additional shares of Class A common stock at
the initial public offering price less underwriting discounts.
Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC are acting as the
joint lead bookrunners for the offering. Allen & Company LLC and
Jefferies LLC are acting as bookrunners. Canaccord Genuity LLC and
Needham & Company, LLC are acting as co-managers.
The offering will be made only by means of a prospectus. Copies of the
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 from Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180
Varick Street, 2nd Floor, New York, New York 10014.
A registration statement related to these securities has been filed
with, and declared effective by, the U.S. Securities and Exchange
Commission. This press release shall not constitute an offer to sell or
a solicitation of an offer to buy, nor shall there be any sale of these
securities in any state or jurisdiction in which such an offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
SOURCE Zuora, Inc.
© 2018 Zuora, Inc. All Rights Reserved. Zuora is a trademark of Zuora,
Inc.