Splunk has announced the pricing of its initial public offering of 13,500,000 shares of common stock at a price to the public of $17.00 per share. A total of 12,507,278 shares are being offered by Splunk, and a total of 992,722 shares are being offered by selling stockholders.
In addition, Splunk has granted the underwriters a 30-day option to purchase up to an additional 2,025,000 shares to cover over-allotments, if any. Splunk will not receive any proceeds from the sale of shares by the selling stockholders.
Morgan Stanley, Credit Suisse, J.P. Morgan and BofA Merrill Lynch are acting as joint book-running managers for the offering, and UBS Securities, Pacific Crest Securities and Cowen and Company are acting as co-managers. Splunk’s common stock will trade on the Nasdaq Stock Market under the symbol “SPLK.”
Splunk now has more than 500 employees worldwide, with headquarters in San Francisco and 8 offices around the world. Since first shipping its software in 2006, Splunk now has over 3,700 customers in 75+ countries.
[Image Courtesy: Splunk]