monday.com Ltd. (“monday.com”), a work operating system (Work OS) where organizations of any size can create the tools and processes they need to manage every aspect of their work, announced today that it plans to commence its roadshow for the initial public offering of 3,700,000 of its ordinary shares. The initial public offering price is expected to be between $125 and $140 per ordinary share. In addition, monday.com expects to grant the underwriters a 30-day option to purchase up to an additional 370,000 ordinary shares at the initial public offering price, less underwriting discounts and commissions. monday.com has applied to list its ordinary shares on the Nasdaq Global Select Market under the ticker symbol “MNDY”.
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Goldman Sachs & Co. LLC and J.P. Morgan will act as lead book-running managers for the proposed offering, with Allen & Company LLC and Jefferies acting as joint book-running managers. William Blair, Piper Sandler, Oppenheimer & Co., Canaccord Genuity, Cowen, Needham & Company, Academy Securities, Loop Capital Markets, Ramirez & Co., Inc., Siebert Williams Shank and Tigress Financial Partners will act as co-managers for the proposed offering.
In addition to the shares sold in the public offering, monday.com announced that each of Salesforce Ventures LLC and Zoom Video Communications, Inc. have agreed to purchase $75 million of ordinary shares at a price per ordinary share equal to the initial public offering price. The sale of these shares will not be registered under the Securities Act of 1933, as amended.
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