ON24 Completes $492 Million IPO

Technology & Services

ON24 IPO


Summary

ON24, Inc. (“ON24” or the “Company”) (NYSE: ONTF) recently completed an initial public offering of 9,845,069 shares of common stock, which includes the exercise in-full of the underwriters' option to purchase 1,284,139 additional shares, at a price of $50.00 per share, generating gross proceeds of approximately $492.3 million. The Company intends to use the net proceeds from this offering to repay outstanding indebtedness and for working capital as well as for general corporate purposes.

Baird served as co-manager on this offering.

About

ON24 is a leading, cloud-based digital experience platform that enables businesses to convert customer engagement into revenue through interactive webinar experiences, virtual event experiences and multimedia content experiences. ON24 platform’s portfolio of interactive, personalized and content-rich digital experience products creates and captures actionable, real-time data at scale from millions of professionals every month to provide businesses with buying signals and behavioral insights to efficiently convert prospects into customers. ON24 was founded in 1998 and is headquartered in San Francisco, California.
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Technology & Services

ON24 IPO

Date
February 2021
Company
ON24, Inc.
Transaction
Equity Capital Markets
Sectors
Technology & Services
Verticals
Application Software
Target Location
North America

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