GreenSky, Inc. (GSKY) Prices 38M Share IPO at $23/Sh

GreenSky, Inc. (NASDAQ: GSKY) today announced the pricing of its initial public offering of 38,000,000 shares of Class A common stock at a price to the public of $23.00 per share. The shares of Class A common stock are expected to begin trading on the NASDAQ Global Select Market on May 24, 2018 under the symbol "GSKY." The offering is expected to close on May 29, 2018, subject to customary closing conditions.

In addition, GreenSky has granted the underwriters a 30-day option to purchase up to 5,700,000 additional shares of Class A common stock at the initial public offering price less underwriting discounts.

GreenSky intends to use the net proceeds that it receives from this offering to purchase the same number of shares of Class A common stock or other equity interests that are exchangeable or convertible into shares of Class A common stock from certain of its investors and current and former employees.

Goldman Sachs & Co. LLC, J.P. Morgan and Morgan Stanley are acting as joint lead book-running managers and as representatives of the underwriters for the offering. BofA Merrill Lynch, Citigroup, Credit Suisse and SunTrust Robinson Humphrey also are acting as book-running managers for the offering. Raymond James, Sandler O'Neill + Partners, L.P., Fifth Third Securities and Guggenheim Securities are acting as co-managers for the offering.

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