Pivotal Software, Inc. Announces Closing of its Initial Public Offering
April 24 2018 - 9:49PM
Business Wire
Pivotal Software, Inc. (NYSE: PVTL) today announced the closing
of its initial public offering of 42,550,000 shares of its Class A
common stock at an initial public offering price of $15.00 per
share, including 5,550,000 shares sold pursuant to the exercise in
full of the underwriters’ option to purchase additional shares.
Pivotal offered 38,667,000 shares of its Class A common stock and
General Electric, the selling stockholder, offered 3,883,000 shares
of Class A common stock (which represents approximately 20% of
General Electric’s position in Pivotal).
Morgan Stanley, Goldman Sachs & Co. LLC and Citigroup acted
as lead book-running managers for the offering. BofA Merrill Lynch,
Barclays, Credit Suisse, RBC Capital Markets, UBS Investment Bank
and Wells Fargo Securities acted as book-running managers. KeyBanc
Capital Markets and William Blair as well as Mischler Financial
Group, Inc., Ramirez & Co., Inc., Siebert Cisneros Shank &
Co., L.L.C. and The Williams Capital Group, L.P. 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 Goldman Sachs & Co. LLC, 200
West Street, New York, NY 10282, Attn: Prospectus Department.
A registration statement relating to these securities was
declared effective by the U.S. Securities and Exchange Commission
on April 19, 2018. 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.
About Pivotal
Founded in 2013, Pivotal Software, Inc. combines our leading
cloud-native platform, tools, and methodology to empower the
world’s largest organizations to adapt to change and build great
software. Our technology unleashes developer productivity, while
fulfilling our mission to transform how the world builds
software.
Source: Pivotal Investor Relations
©2018 Pivotal Software, Inc. All rights reserved. Pivotal is a
trademark and/or registered trademark of Pivotal Software, Inc. in
the United States and/or other countries.
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Pivotal Software, Inc.Helyn CorcosInvestor
Relationshcorcos@pivotal.ioorMichael LeeMedia
Relationspress@pivotal.io
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