SANTA MONICA, Calif.–(BUSINESS WIRE)–GoodRx Holdings Inc., a number one consumer-focused digital healthcare platform in america, right this moment introduced the pricing of its preliminary public providing of 34,615,384 shares of its Class A typical stock at a price to the general public of $33.00 per share. Of the supplied shares, 23,422,727 shares are being supplied by GoodRx and 11,192,657 shares are being supplied by sure of GoodRx’s present promoting shareholders. The underwriters have a 30-day choice to buy as much as an extra 5,192,307 shares of Class A typical stock from GoodRx on the preliminary public providing price much less underwriting reductions and commissions. GoodRx is not going to obtain any proceeds from any sale of shares by the promoting shareholders.
The shares are anticipated to start buying and selling on the NASDAQ International Choose Market on September 23, 2020, underneath the ticker image “GDRX”. The providing is anticipated to shut on September 25, 2020, topic to customary closing circumstances.
GoodRx will obtain internet proceeds of roughly $725 million after deducting underwriting reductions and commissions and providing bills, and intends to make use of the web proceeds from the preliminary public providing for normal company functions to assist the expansion of its enterprise.
Morgan Stanley, Goldman Sachs & Co. LLC, J.P. Morgan and Barclays are performing as lead bookrunners for the providing. BofA Securities, Citigroup, Credit score Suisse Securities (USA) LLC, RBC Capital Markets, UBS Funding Bank, Cowen, Deutsche Bank Securities, and Evercore ISI are performing as extra bookrunners, and Residents Capital Markets, KKR Capital Markets, LionTree Advisors, Raymond James, SVB Leerink, Academy Securities, Loop Capital Markets, R. Seelaus & Co., LLC and Ramirez & Co., Inc. are performing as co-managers for the providing.
The providing of those securities is being made solely via a prospectus. Copies of the ultimate prospectus referring to this providing, when out there, may be obtained from: Morgan Stanley & Co. LLC, Consideration: Prospectus Division, 180 Varick Street, 2nd Ground, New York, NY 10014; Goldman Sachs & Co. LLC, Consideration: Prospectus Division, 200 West Street, New York, New York 10282, phone: 1-866-471-2526, facsimile: 212-902-9316 or by emailing email@example.com mail.gs.com; J.P. Morgan Securities LLC, c/o Broadridge Monetary Options, 1155 Lengthy Island Avenue, Edgewood, New York 11717, accumulate phone: 1-212-834-4533, or by emailing at firstname.lastname@example.org; or Barclays Capital Inc., c/o Broadridge Monetary Options, 1155 Lengthy Island Avenue, Edgewood, NY 11717 or by electronic mail at email@example.com or phone at 1-888-603-5847.
Along with the shares of Class A typical stock bought within the public providing, GoodRx introduced that entities affiliated with Silver Lake, an present stockholder, will buy 3,030,303 shares of Class A typical stock in a non-public placement at a price per share equal to the preliminary public providing price, topic to customary closing circumstances. The sale of those shares is not going to be registered underneath the Securities Act of 1933, as amended. The closing of the preliminary public providing just isn’t conditioned upon the closing of the non-public placement.
A registration assertion referring to the sale of those securities was declared efficient by the Securities and Change Fee on September 22, 2020. This press launch shall not represent a proposal to promote or the solicitation of a proposal to purchase these securities, nor shall there be any sale of those securities in any state or jurisdiction by which such provide, solicitation or sale can be illegal previous to registration or qualification underneath the securities legal guidelines of any such state or jurisdiction.
GoodRx’s mission is to assist People get the healthcare they want at a price they’ll afford. GoodRx’s main digital platform for shopper healthcare services connects customers with inexpensive and handy prescriptions and medical care, together with telehealth, mail order prescriptions, physician visits, and lab checks. GoodRx has helped People save over $20 billion since 2011 and was the #1 most downloaded medical app within the final three years.