Cricut Inc. (CRCT) Prices 15.315M Share IPO at $20/Sh

March 25, 2021 6:01 AM EDT

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Cricut, Inc. (NASDAQ: CRCT), the creative technology company that has brought a connected platform for making to over four million users worldwide, today announced the pricing of its initial public offering of 15,314,903 shares of Class A common stock, of which 13,250,000 shares are offered by Cricut and 2,064,903 shares are offered by certain of Cricut’s existing shareholders at a price to the public of $20.00 per share. Cricut and the selling shareholders have granted the underwriters a 30-day option to purchase up to an additional 2,297,235 shares of Class A common stock at the public offering price, less underwriting discounts and commissions.

The shares are expected to begin trading on the Nasdaq Global Select Market on March 25, 2021 under the ticker symbol “CRCT” and the offering is expected to close on March 29, 2021, subject to the satisfaction of customary closing conditions.

Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC are acting as lead bookrunning managers for the offering. Citigroup Global Markets Inc. and Barclays Capital Inc. are also serving as joint-bookrunning managers for the offering. Robert W. Baird & Co. Incorporated is acting as co-manager for the offering.

A registration statement relating to these securities was declared effective by the Securities and Exchange Commission on March 24, 2021.



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