ON24 Inc. (ONTF) Prices 8.56M Share IPO at $50/Sh

ON24, Inc. (NYSE: ONTF) today announced the pricing of its initial public offering of 8,560,930 shares of common stock at a price to the public of $50.00 per share.

ON24 is offering 6,315,789 shares of common stock and certain selling stockholders are offering 2,245,141 shares of common stock. In addition, the Company has granted the underwriters a 30-day option to purchase up to 1,284,139 additional shares of common stock at the initial public offering price, less underwriting discounts. ON24 will not receive any proceeds from the sale of the shares by the selling stockholders.

The shares are expected to begin trading on the New York Stock Exchange on Wednesday, February 3, 2021 under the ticker symbol “ONTF.” The offering is expected to close on February 5, 2021, subject to customary closing conditions.

Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and KeyBanc Capital Markets are acting as lead book-running managers for the offering. Baird, Canaccord Genuity, Needham & Company, Piper Sandler and William Blair are acting as co-managers for the offering.

The offering of these securities is being be made only by means of a prospectus.

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