Baird served as co-manager on this offering
AboutSprout Social, Inc. (“Sprout Social” or the “Company”) (Nasdaq: SPT), an industry-leading provider of cloud-based social media management software, recently completed a follow-on offering of 6,900,000 shares of common stock at a price of $27.50 per share, generating gross proceeds of $189.8 million, including full exercise of the overallotment option. The offering was comprised of 1,612,500 primary shares and 5,287,500 secondary shares, offered by certain shareholders of Sprout Social, including Goldman Sachs & Co. LLC and NEA Management Co. LLC (the “selling stockholders”).
Sprout Social offers deep social media listening and analytics, social management, customer care, and advocacy solutions to more than 24,000 brands and agencies worldwide. The Company’s suite of solutions supports every aspect of a cohesive social program and enables organizations of all sizes to extend their reach, amplify their brand and create the kind of real connection with their consumers that drives their businesses forward. Headquartered in Chicago, Illinois, Sprout Social operates across major social media networks, including Twitter, Facebook, Instagram, Pinterest, LinkedIn and Google.
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- August 2020
- Sprout Social, Inc.
- Technology & Services
- Target Location
- North America
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