Chicago’s Sprout Social prices IPO mid-range at $17 per share, raising $150M

Chicago’s Sprout Social prices IPO mid-range at $17 per share, raising $150M

4 years ago
Anonymous $4bURcB5AtU

https://techcrunch.com/2019/12/13/chicagos-sprout-social-prices-ipo-mid-range-at-17-per-share-raising-150m/

On the heels of Bill.com’s debut, Chicago-based social media software company Sprout Social priced its IPO last night at $17 per share, in the middle of its proposed $16 to $18 per-share range. Selling 8.8 million shares, Sprout raised just under $150 million in its debut.

Underwriters have the option to purchase an additional 1.3 million shares if they so choose.