Le Lézard
Classified in: Science and technology
Subject: OFR

Switch, Inc. Announces Pricing Of Initial Public Offering



LAS VEGAS, Oct. 5, 2017 /PRNewswire/ -- Switch, Inc. ("Switch") announced today the pricing of its initial public offering of 31,250,000 shares of its Class A common stock at a public offering price of $17.00 per share. All of the shares of Class A common stock are being offered by Switch. The shares are expected to begin trading on the New York Stock Exchange on October 6, 2017 under the ticker symbol "SWCH." In addition, Switch has granted the underwriters a 30-day option to purchase from Switch up to an additional 4,687,500 shares of its Class A common stock at the initial public offering price, less the underwriting discount and commissions.

The closing of the offering is expected to occur on October 11, 2017, subject to the satisfaction of customary closing conditions.

Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, BMO Capital Markets Corp. and Wells Fargo Securities, LLC are serving as lead bookrunners and as representatives of the underwriters for the offering.  Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC and Jefferies LLC are serving as bookrunners for the offering.  BTIG, LLC, Raymond James & Associates, Inc., Stifel, Nicolaus & Company, Inc. and William Blair & Company, L.L.C. are serving as co-managers for the offering.

A registration statement relating to these securities was declared effective by the U.S. Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

The offering will be made only by means of a prospectus. A copy of the final prospectus relating to this offering, when available, may be obtained from any of the following sources:

About Switch

Switch is a technology infrastructure company powering the sustainable growth of the connected world and the Internet of Everything. Switch's mission is to enable the advancement of humanity by creating smart, resilient and sustainable infrastructure solutions that support the most innovative technology ecosystems. Switch focuses on the design, construction and operation of some of the world's most reliable, secure, resilient and sustainable data centers. Switch's advanced data centers are the center of its platform and provide power densities that exceed industry averages with efficient cooling, while being powered by 100% renewable energy.

 

SOURCE Switch, Inc.


These press releases may also interest you

at 14:15
AMSTERDAM, Oct. 21, 2017 /PRNewswire/ -- Undeveloped, the fastest growing domain marketplace, has announced to enable all market features of the domain industry on the blockchain. "Every single month 8 million new businesses get started that bump...

at 09:30
LOS ANGELES, Oct. 21, 2017 /PRNewswire-iReach/ -- Onlinecarinsuranceinfo.com has released a new blog post explaining the advantages of having high deductibles with an auto insurance plan. A collision auto insurance works based on premiums and...

at 08:55
LONDON, Oct. 21, 2017 /PRNewswire/ -- DOVU's token sale has ended. The company collected a total of 20,000 Ether (ETH), with a current value of $6.2 million. This puts the project in a strong position to move forwards to build and market its core...

at 08:00
LOS ANGELES, Oct. 21, 2017 /PRNewswire-iReach/ -- Auto-car-insurance4.info has released a new blog post explaining why safety devices can improve auto insurance premiums. Drivers should focus on the safety of their cars. A family vehicle with a...

20 oct 2017
DALLAS, Oct. 20, 2017 /PRNewswire/ -- Blockchain technology is getting a higher education. As the demand grows for faster payments, settlements, and reconciliations, the blockchain will be playing an integral part of these fast-paced technological...

20 oct 2017
NEW ORLEANS, Oct. 20, 2017 /PRNewswire/ -- Kahn Swick & Foti, LLC ("KSF") and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until November 27, 2017 to file lead plaintiff applications in a...




News published on 5 october 2017 at 19:09 and distributed by: