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Smartsheet (SMAR) Prices 13.9M Class A Share Common Offering at $43.50/Sh

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Smartsheet (SMAR) Announces 6.5M Share Public Offering of Class A Common Stock by Company, 4.25M Shares by Selling Shareholders

June 10, 2019 7:41 AM EDT

Smartsheet Inc. (NYSE: SMAR), a leading cloud-based platform for work execution, today announced a proposed underwritten public offering of its Class A common stock consisting of 6,500,000 shares offered by Smartsheet and 4,250,000 shares offered by certain selling shareholders. In addition, Smartsheet and the selling shareholders expect to grant the underwriters a 30-day option to purchase up to an additional 1,612,500 shares of Class A common stock, consisting of 975,000... More