ON24 (ONTF) IPO Opens 54% Higher
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ON24 Announces Pricing of Initial Public Offering
February 3, 2021 4:40 AM ESTSAN FRANCISCO--(BUSINESS WIRE)-- ON24, Inc. (NYSE: ONTF) today announced the pricing of its initial public offering of 8,560,930 shares of common stock at a price to the public of $50.00 per share.
ON24 is offering 6,315,789 shares of common stock and certain selling stockholders are offering 2,245,141 shares of common stock. In addition, the Company has granted the underwriters a 30-day option to purchase up to 1,284,139 additional shares of common stock at the initial public offering price, less underwriting discounts. ON24 will not receive any proceeds from the sale of the shares by the selling... More
