Initial Public Offering

Technology & Services
Initial Public Offering

Summary

Baird served as co-manager on this offering

About

SolarWinds Worldwide, LLC (“SolarWinds” or the “Company”) (NYSE: SWI) recently completed an initial public offering of 25,000,000 common shares at a price of $15.00 per share generating gross proceeds of approximately $375 million. In addition, the Company has granted the underwriters an option to purchase up to 3,750,000 additional shares. The Company intends to use the net proceeds from the offering to pay down existing debt.

SolarWinds is a leading provider of information technology, or IT, infrastructure management software. SolarWinds products give organizations worldwide, regardless of type, size or IT infrastructure complexity, the power to monitor and manage the performance of their IT environments, whether on-premise, in the cloud, or in hybrid models. SolarWinds is headquartered in Austin, Texas.
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Technology & Services
Initial Public Offering
Date
October 2018
Company
SolarWinds Worldwide, LLC
Transaction
M&A
Sectors
Technology & Services
Target Location
North America

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