Sumo Logic Inc. (SUMO) Prices 14.8M Share IPO at $22/Sh
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Sumo Logic Announces Pricing of Initial Public Offering
September 16, 2020 10:30 PM EDTREDWOOD CITY, Calif., Sept. 16, 2020 (GLOBE NEWSWIRE) -- Sumo Logic, Inc. (Sumo Logic) today announced the pricing of its initial public offering of 14,800,000 shares of its common stock at a price of $22.00 per share. All of the shares are being offered by Sumo Logic. The shares are expected to begin trading on the Nasdaq Global Select Market on September 17, 2020 under the ticker symbol SUMO. The gross proceeds from the offering, before deducting underwriting discounts and commissions and other offering expenses payable by Sumo Logic, are expected to be $325.6 million. In addition, Sumo Logic has granted the underwriters a 30-day... More
