Phreesia Inc. (PHR) Prices 6.75M Share Secondary Offering at $26/Sh

Phreesia, Inc. (NYSE: PHR) announced today the pricing of the previously announced underwritten secondary offering of a total of 6,750,000 shares of its common stock at a price to the public of $26.00 per share, all of which will be sold by certain of Phreesia’s existing stockholders (the “Selling Stockholders”). In addition, the Selling Stockholders have granted the underwriters an option for 30 days to purchase up to 1,012,500 additional shares of common stock to cover overallotments, if any, at the public offering price, less the underwriting discount (the “Secondary Offering”).

The Secondary Offering is expected to close on December 17, 2019, subject to the satisfaction of customary closing conditions. Phreesia will not receive any proceeds from the Secondary Offering.

J.P. Morgan, Wells Fargo Securities and William Blair are acting as joint book-running managers for the Secondary 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 Secondary Offering.

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