NEW YORK, Nov. 19, 2021 /PRNewswire/ -- Braze, Inc.
(Nasdaq: BRZE) today announced the closing of its initial public
offering of 8,800,000 shares of its Class A common stock, including
the full exercise of the underwriters' option to purchase an
additional 800,000 shares of Class A common stock, at a price to
the public of $65.00 per share. The
offering consisted of 7,500,000 shares of Class A common stock
issued and sold by Braze, and 1,300,000 shares of Class A common
stock sold by the selling stockholders named in the prospectus.
Braze did not receive any proceeds from the sale of shares by the
selling stockholders. Braze's Class A common stock is listed on the
Nasdaq Global Select Market under the ticker symbol "BRZE."
Goldman Sachs & Co. LLC, J.P. Morgan and Barclays acted as
joint lead book-running managers for the offering. Piper Sandler and William Blair acted as joint book-running
managers for the offering. Canaccord Genuity, Cowen, JMP
Securities, Needham & Company, Oppenheimer & Co. Inc.,
Raymond James and Loop Capital
Markets acted as co-managers for the offering.
The offering was made only by means of a prospectus. Copies of
the final prospectus may be obtained from: Goldman Sachs & Co.
LLC, Prospectus Department, 200 West Street, New York, NY 10282, telephone: 1-866-471-2526,
facsimile: 212-902-9316 or by emailing
Prospectus-ny@ny.email.gs.com; J.P. Morgan Securities LLC, c/o
Broadridge Financial Solutions, Attention: Prospectus Department,
1155 Long Island Avenue, Edgewood,
NY 11717, or by telephone at 1-866-803-9204; or Barclays
Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island
Avenue, Edgewood, NY 11717,
telephone at 1-888-603-5847 or by emailing
barclaysprospectus@broadridge.com.
A registration statement relating to the sale of these
securities was filed with the Securities and Exchange Commission
and was declared effective on Nov. 16,
2021. This press release shall not constitute an offer to
sell or the solicitation of an offer to buy these securities, 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.
About Braze
Braze is a leading comprehensive customer
engagement platform that powers interactions between consumers and
brands they love. With Braze, global brands can ingest and process
customer data in real time, orchestrate and optimize contextually
relevant, cross-channel marketing campaigns and continuously evolve
their customer engagement strategies. Braze has been recognized as
one of Fortune's 2021 Best Workplaces in New York, Fortune's 2021 Best Workplace for
Millennials, and 2021 UK Best Workplaces for Women by Great Place
to Work. The company is headquartered in New York with offices in Berlin, Chicago, London, San
Francisco, Singapore, and
Tokyo.
Media Inquiries:
brazepr@icrinc.com
Investor Relations:
Christopher Ferris
ir@braze.com
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SOURCE Braze