Emerald Expositions Announces Pricing of Initial Public Offering
April 27 2017 - 7:45PM
Business Wire
Emerald Expositions Events, Inc. ("Emerald Expositions" or the
“Company”) today announced the pricing of its initial public
offering of 15,500,000 shares of common stock at a price to the
public of $17.00 per share. Of those shares, the Company is selling
10,333,333 shares and certain stockholders of the Company
affiliated with Onex Corporation are selling 5,166,667 shares. The
selling stockholders have also granted the underwriters a 30-day
option to purchase up to an additional 2,325,000 shares. The
Company will not receive proceeds from the sale of shares by the
selling stockholders, including from any exercise by the
underwriters of their option to purchase additional shares. The
Company’s stock is expected to begin trading on the New York Stock
Exchange under the symbol “EEX” on April 28, 2017. The offering is
expected to close on May 3, 2017, subject to customary closing
conditions.
BofA Merrill Lynch, Barclays and Goldman, Sachs & Co. are
acting as joint book-running managers of the offering and
representatives of the underwriters; Citigroup, Credit Suisse,
Deutsche Bank Securities, and RBC Capital Markets are also acting
as joint book-running managers; and Baird is acting as
co-manager.
The offering of these securities is being made only by means of
a prospectus. Copies of the prospectus relating to the offering may
be obtained, when available, from: BofA Merrill Lynch,
NC1-004-03-43, 200 North College St., Third Floor, Charlotte, North
Carolina 28255-0001, Attention: Prospectus Department, or by email
at dg.prospectus_requests@baml.com; Barclays Capital Inc., c/o
Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood,
NY 11717, by telephone at (888) 603-5847, or by email:
barclaysprospectus@broadridge.com; or Goldman, Sachs & Co.,
Prospectus Department, 200 West Street, New York, NY 10282, by
telephone at (866) 471-2526, by facsimile at (212) 902-9316 or by
email at prospectus-ny@ny.email.gs.com.
A registration statement relating to these securities was
declared effective by the Securities and Exchange Commission on
April 27, 2017. 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 an offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.
About Emerald
Expositions
Emerald Expositions is the largest operator of
business-to-business (“B2B”) trade shows in the United States by
net square footage (“NSF”), with its oldest trade shows dating back
over 110 years. Emerald Expositions currently operates more than 50
trade shows, including 31 of the top 250 trade shows in the country
as ranked by TSNN, as well as numerous other events. In 2016,
Emerald Expositions’ events connected over 500,000 global attendees
and exhibitors and occupied over 6.5 million NSF of exhibition
space.
Cautionary Statement Concerning
Forward-Looking Statements
This news release contains certain forward-looking statements
regarding the Company and the initial public offering of the
Company’s common stock. These statements are based on management’s
expectations as well as estimates and assumptions prepared by
management that, although they believe to be reasonable, are
inherently uncertain. These statements involve risks and
uncertainties, including, but not limited to, economic,
competitive, governmental and technological factors outside of the
Company’s control that may cause its business, industry, strategy,
financing activities or actual results to differ materially. The
Company undertakes no obligation to update or revise any of the
forward looking statements contained herein, whether as a result of
new information, future events or otherwise.
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version on businesswire.com: http://www.businesswire.com/news/home/20170427007005/en/
Emerald Expositions Events, Inc.Philip Evans, 1-866-339-4688
(866-EEX-INVT)Chief Financial
Officerinvestor.relations@emeraldexpo.com
Emerald (NYSE:EEX)
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