BIRMINGHAM, Mich., July 15,
2024 /PRNewswire/ -- OneStream, Inc. announced
today that it has launched the roadshow for its proposed initial
public offering of 24,500,000 shares of its Class A common
stock, 18,054,333 shares of which are being offered by
OneStream and 6,445,667 shares of which are being offered by
certain existing stockholders. In addition, OneStream intends to
grant the underwriters a 30-day option to purchase up to an
additional 3,675,000 shares of Class A common stock from OneStream
at the initial public offering price, less underwriting discounts
and commissions. The initial public offering price is expected to
be between $17.00 and $19.00 per share. OneStream intends to list its
Class A common stock on the Nasdaq Global Select Market under the
ticker symbol "OS."
OneStream intends to use a portion of the net proceeds to it
from this offering to purchase newly issued common units of
OneStream Software LLC, of which OneStream will be the sole
manager. OneStream intends to use the remaining net proceeds to
purchase common units of OneStream Software LLC and shares of Class
C common stock from certain of its existing stockholders in a
synthetic secondary transaction at a purchase price per unit equal
to the initial public offering price per share of Class A common
stock, net of underwriting discounts and commissions. OneStream
will not receive any proceeds from the sale of shares by the
selling stockholders.
Morgan Stanley, J.P. Morgan and KKR are acting as lead
book-running managers for the proposed offering. BofA Securities,
Citigroup and Guggenheim Securities are acting as book-running
managers and Raymond James,
Scotiabank, Truist Securities, BTIG, Needham & Company, Piper
Sandler, TD Cowen and Wolfe | Nomura
Alliance are acting as additional book-running managers.
Amerivet Securities, Blaylock Van,
LLC, Cabrera Capital Markets LLC, Drexel
Hamilton and Loop Capital Markets are acting as co-managers
for the proposed offering.
The proposed offering will be made only by means of a
prospectus. Copies of the preliminary prospectus relating to this
offering, when available, may be obtained from: Morgan Stanley
& Co. LLC, Prospectus Department, 180 Varick Street,
New York, New York 10014, or
email: prospectus@morganstanley.com; and J.P. Morgan Securities
LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue,
Edgewood, NY 11717, or email:
prospectus-eq_fi@jpmchase.com and
postsalemanualrequests@broadridge.com.
A registration statement relating to these securities has been
filed with the Securities and Exchange Commission but has not yet
become effective. These securities may not be sold, nor may offers
to buy be accepted, prior to the time the registration statement
becomes effective. 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 OneStream
OneStream is how today's Finance teams can go beyond just
reporting on the past and Take Finance Further by steering the
business to the future. It's the leading enterprise finance
platform that unifies financial and operational data, embeds AI for
better decisions and productivity, and empowers the Office of the
CFO to become a critical driver of business strategy and execution.
With more than 1,400 customers and 250 go-to-market, implementation
and development partners, our vision is to be the operating system
for modern finance.
Disclaimer
"Wolfe | Nomura Alliance" is the
marketing name used by Wolfe Research Securities and Nomura
Securities International, Inc. in connection with certain equity
capital markets activities conducted jointly by the firms. Both
Nomura Securities International, Inc. and WR Securities, LLC are
serving as underwriters in the offering described herein. In
addition, WR Securities, LLC and certain of its affiliates may
provide sales support services, investor feedback, investor
education, and/or other independent equity research services in
connection with this offering.
Contacts
Victoria Borges
vborges@onestreamsoftware.com
OR
FGS Global
OneStream@fgsglobal.com
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SOURCE Onestream Software LLC