Avalara, Inc. (AVLR) Prices 7.5M Share IPO at $24/Sh

Avalara, Inc. (NYSE: AVLR) today announced the pricing of its initial public offering of 7,500,000 shares of its common stock at a public offering price of $24.00 per share.

The shares are expected to begin trading on the New York Stock Exchange on June 15, 2018, under the symbol "AVLR," and the offering is expected to close on June 19, 2018, subject to customary closing conditions. Avalara has granted the underwriters a 30-day option to purchase up to an additional 1,125,000 shares of common stock to cover over-allotments, if any.

Goldman Sachs & Co. LLC, J.P. Morgan, and BofA Merrill Lynch are acting as book-running managers for the offering. JMP Securities, KeyBanc Capital Markets, and Stifel are acting as co-managers.

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