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Similarweb Launches Of Secondary Offering Of 3.5M Shares Of Common Stock By A Selling Shareholder

Benzinga ·  Sep 13 04:01

Similarweb Ltd. ("Similarweb") (NYSE:SMWB), a leading digital market intelligence company, today announced the launch of an underwritten public offering by a selling shareholder (the "Offering") of 3,500,000 ordinary shares of the Company. The selling shareholder intends to grant the underwriters a 30-day option to purchase up to an additional 525,000 ordinary shares at the public offering price, less underwriting discounts and commissions. Similarweb will not receive any proceeds from any sale of ordinary shares by the selling shareholder.

Goldman Sachs & Co. LLC and Barclays are acting as book-running managers for the Offering. Citizens JMP, William Blair and Needham & Company are acting as co-managers for the Offering.

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