Zeta (ZETA) Prices 21.5M Share IPO at $10/Sh

Zeta (NYSE: ZETA), a cloud-based marketing technology company that empowers enterprises to acquire, grow, and retain customers, announced today the pricing of its initial public offering of 21,500,000 shares of its Class A common stock at a public offering price of $10 per share comprised of 14,773,939 shares of Class A common stock offered by Zeta and 6,726,061 shares of Class A common stock offered by the selling stockholders. The gross proceeds from the offering, before deducting underwriting discounts and commissions and other offering expenses payable by Zeta, are expected to be approximately $215 million. Zeta's common stock is expected to begin trading on the New York Stock Exchange on June 10, 2021 under the ticker symbol "ZETA." The offering is expected to close on June 14, 2021, subject to the satisfaction of customary closing conditions. In addition, certain selling stockholders have granted the underwriters a 30-day option to purchase up to an additional 3,225,000 shares of Class A common stock at the initial public offering price, less the underwriting discounts and commissions.

Morgan Stanley, BofA Securities, Credit Suisse and Barclays will act as joint lead book-running managers for the offering. William Blair, Needham & Company, Oppenheimer & Co., Canaccord Genuity and Roth Capital Partners will also be co-managers.

The proposed offering will be made only by means of a prospectus.

You May Also Be Interested In

• Rubrik, Inc. (RBRK) IPO Opens at $38.60, Priced at $32
• Cidara Therapeutics (CDTX) PT Raised to $25 at Needham
• Business First Bancshares Inc. (BFST) to acquire Oakwood Bancshares