WalkMe Announces Pricing of Initial Public Offering
Rhea-AI Summary
WalkMe Ltd. (NASDAQ: WKME) announced the pricing of its initial public offering (IPO) on June 16, 2021, with 9,250,000 shares priced at $31.00 per share. Additionally, underwriters can purchase up to 1,387,500 more shares within 30 days. Trading will commence on the Nasdaq Global Select Market on the same day, with the offering set to close on June 18, 2021. The offering is managed by leading financial firms including Morgan Stanley and Goldman Sachs, with a final prospectus available upon request.
AI-generated analysis. Not financial advice.
Positive
- Initial public offering of 9,250,000 shares priced at $31.00 per share.
- Underwriters have a 30-day option for an additional 1,387,500 shares, indicating investor interest.
Negative
- Potential for shareholder dilution due to additional shares offered.
SAN FRANCISCO, June 16, 2021 /PRNewswire/ -- WalkMe Ltd. (NASDAQ: WKME), a leading provider of digital adoption solutions, today announced the pricing of its initial public offering of 9,250,000 ordinary shares at a price to the public of
The shares are expected to begin trading on the Nasdaq Global Select Market on Wednesday, June 16, 2021 under the ticker symbol "WKME." The offering is expected to close on June 18, 2021, subject to customary closing conditions.
Morgan Stanley, Goldman Sachs & Co. LLC and Citigroup are acting as lead book-running managers for the offering. Wells Fargo Securities, Barclays and BMO Capital Markets are acting as joint bookrunners for the offering. JMP Securities, KeyBanc Capital Markets and Needham & Company are acting as co-managers for the offering.
The offering is being made only by means of a prospectus. Copies of the final prospectus may be obtained, when available, from Morgan Stanley & Co. LLC, Attn: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014; Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, NY 10282, by telephone at (866) 471-2526 or by email at prospectus-ny@ny.email.gs.com; or Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by telephone at (800) 831-9146 or by email at prospectus@citi.com.
A registration statement on Form F-1 relating to these securities has been filed with, and declared effective by, the Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction.
About WalkMe
WalkMe's cloud-based Digital Adoption Platform enables organizations to measure, drive and act to ultimately accelerate their digital transformations and better realize the value of their software investments. Our code-free platform leverages our proprietary technology to provide visibility to an organization's Chief Information Officer and business leaders, while improving user experience, productivity and efficiency for employees and customers. Alongside walkthroughs and third-party integration capabilities, our platform can be customized to fit an organization's needs.
Media Contact:
Emma Pearce
PR & Communications
press@walkme.com
Investor Contact:
The Blueshirt Group for WalkMe
investors@walkme.com
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SOURCE WalkMe