Pluralsight Announces Pricing of Follow-On Offering and $633 Million Convertible Notes Offering

On March 11, 2019, Pluralsight, a leading enterprise technology skills platform that delivers a unified, end-to-end learning experience for businesses across the globe, closed an underwritten public offering of 13,558,464 shares of its Class A common stock by certain selling stockholders at a public offering price of $29.25 per share. The selling stockholders also granted the underwriters a 30-day option to purchase up to an additional 2,033,770 shares of Class A common stock.

In addition, also on March 11, the company closed an offering of $633.5 million aggregate principal amount of 0.375 percent convertible senior notes due 2024 in a private placement to qualified institutional buyers, which includes the exercise in full of the option granted to the initial purchasers to purchase an additional $83.5 million aggregate principal amount of notes. The aggregate principal amount of the offering was increased from the previously announced offering size of $450 million. The sale of the notes to the initial purchasers is expected to result in net proceeds to Pluralsight of approximately $616.7 million.

The Wilson Sonsini Goodrich & Rosati team that represented Pluralsight in the follow-on offering and convertible notes offering includes:

Rezwan Pavri, Partner
Allison Spinner, Partner
Adam Bloom, Partner
Lang Liu, Associate
Shira Oyserman, Associate
Michael Moesel, Associate
Tetiana Poudel, Associate

Corporate Finance:
Erik Franks, Partner
Angela Xu, Associate
Arjun Adusumilli, Associate

Eileen Marshall, Partner
Jonathan Zhu, Partner
Derek Wallace, Of Counsel
Tim Shapiro, Associate

To read more about Pluralsight's follow-on offering, click here. For more information about the company's convertible notes offering, click here.