Follow-on Offering

Technology & Services
Follow-on Offering

Summary

Baird served as co-manager on this offering

About

SolarWinds Corporation (“SolarWinds”) (NYSE: SWI) recently completed a follow-on offering of 15,000,000 shares of common stock at a price of $18.00 per share generating gross proceeds of $270 million. All of the shares were offered by selling shareholders. In addition, the selling shareholders have granted the underwriters an option to purchase up to 2,250,000 additional shares.

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-premises, in the cloud, or in hybrid models. SolarWinds is headquartered in Austin, Texas.
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Technology & Services
Follow-on Offering
Date
May 2019
Company
SolarWinds Corporation
Transaction
M&A
Sectors
Technology & Services
Target Geography
North America

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