Phreesia Inc. (PHR) Announces 6M Share Secondary Offering of Common Stock

Phreesia, Inc. (“Phreesia”) (NYSE: PHR), a leading patient intake management platform, announced today the launch of an underwritten secondary public offering of a total of 6,000,000 shares of its common stock (the “Secondary Offering”), to be offered by certain of Phreesia’s existing stockholders (the “Selling Stockholders”). In addition, the Selling Stockholders expect to grant to the underwriters an option for 30 days to purchase up to 900,000 additional shares of common stock to cover overallotments, if any, at the public offering price, less the underwriting discount. Phreesia will not receive any proceeds from the Secondary Offering but will bear costs associated with the sale of such shares.

J.P. Morgan, Wells Fargo Securities and William Blair are acting as joint book-running managers for the offering as representatives of the underwriters. Allen & Company LLC and Piper Jaffray are acting as passive book-running managers, and Baird and Raymond James are acting as co-managers for the offering.

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