(BofA) – Upstart Pronounces Closing of Preliminary Public Providing and Full Train of the Underwriters’ Choice to Buy Further Shares
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SAN MATEO, Calif.–(BUSINESS WIRE)–
Upstart Holdings, Inc. (“Upstart”) (Nasdaq: UPST) introduced at present the closing of its preliminary public providing of its frequent stock at a price to the general public of $20.00 per share, which incorporates 9,000,000 shares supplied and offered by Upstart, 3,015,690 shares supplied and offered by the promoting stockholders and the total train of the underwriters’ choice to buy 1,802,353 shares from sure promoting stockholders. Upstart didn’t obtain any proceeds from the sale of the shares by the promoting stockholders. The shares started buying and selling on the Nasdaq International Choose Market on December 16, 2020 beneath the image “UPST.”
Goldman Sachs & Co. LLC, (BofA) Securities and Citigroup acted as lead book-running managers for this providing. Jefferies and Barclays additionally acted as book-running managers. JMP Securities and Blaylock Van, LLC acted as co-managers for this providing.
A registration assertion regarding this providing was declared efficient by the Securities and Trade Fee on December 15, 2020. This providing was made solely by way of a prospectus. Copies of the ultimate prospectus may be obtained from: Goldman Sachs & Co. LLC, Consideration: Prospectus Division, 200 West Street, New York, NY 10282, by phone at (866) 471-2526 or by e-mail at firstname.lastname@example.org; (BofA) Securities, Consideration: Prospectus Division, NC1-004-03-43, 200 North Faculty Street, third Ground, Charlotte, NC 28255-0001, by phone at (800) 299-1322 or by e-mail at email@example.com, or Citigroup International Markets Inc., c/o Broadridge Monetary Options, 1155 Lengthy Island Avenue, Edgewood, NY 11717, by phone at (800) 831-9146.
This press launch shall not represent a suggestion to promote or the solicitation of a suggestion to purchase, nor shall there be any sale of those securities in any state or jurisdiction through which such supply, solicitation or sale can be illegal previous to registration or qualification beneath the securities legal guidelines of any such state or jurisdiction.
Upstart is a number one AI lending platform partnering with banks to broaden entry to inexpensive credit score.
Head of Communications
The Blueshirt Group
Supply: Upstart Holdings, Inc.