Deal Details

Pluralsight Completes $396.6 Million Follow-On Offering

Technology & Services

Pluralsight follow-on offering

Summary

Pluralsight, Inc. (“Pluralsight” or the “Company”) (NASDAQ-GS: PS), a portfolio company of Insight Venture Partners (“Insight”) and ICONIQ Capital (“ICONIQ”), recently completed a follow-on offering of 13,558,464 shares of Class A common stock at a price of $29.25 per share, generating gross proceeds of approximately $396.6 million. Insight and other selling stockholders received all of the proceeds from the offering. The selling shareholders have granted the underwriters a 30-day option to purchase up to an additional 2,033,770 shares of Class A common stock.

Baird served as a co-manager on this offering.

About

Pluralsight is a leading provider of cloud-based technology skill development solutions that empower customers to adapt to the unprecedented technological change and digital transformation. The platform, which is powered by a proprietary machine-learning algorithm - Iris, provides a broad range of tools, including skill and role assessments, a curated library of expert-authored courses, directed learning paths, interactive labs and business analytics. Pluralsight’s platform is used by businesses to train their software developers, IT professionals, data scientists, data engineers, technical engineers, business users and technology executives. As of December 31, 2018, the Company’s 16,756 customer base included 810,000+ business users spanned over 180 countries across the globe. Pluralsight is headquartered in Farmington, Utah.

Insight is a leading global venture capital and private equity firm investing in high-growth technology and software companies that are driving transformative change in their industries. Founded in 1995, Insight currently has over $20 billion of assets under management and has cumulatively invested in more than 300 companies worldwide. Insight finds, funds and works with visionary executives, providing them with practical, hands-on growth expertise to foster long-term success. Insight is headquartered in New York, New York.

ICONIQ is a privately-held investment firm that serves some of the world’s most influential families and organizations. ICONIQ is a trusted advisor and thought partner, facilitating meaningful strategic relationships across investment opportunities, family governance and global impact. ICONIQ provides financial advisory and family office services, and manages direct investments with a focus on technology growth equity, venture capital, middle market buyout and real estate. ICONIQ is headquartered in San Francisco, California.

Technology & Services

Pluralsight follow-on offering