Pluralsight Announces Closing of Initial Public Offering

On May 21, 2018, Pluralsight, an enterprise technology learning platform that delivers a unified, end-to-end learning experience for businesses across the globe, announced the closing of its initial public offering of 23,805,000 shares of its Class A common stock at a public offering price of $15.00 per share, which includes the full exercise of the underwriters' option to purchase 3,105,000 additional shares. The shares began trading on the Nasdaq Global Select Market under the ticker symbol "PS" on May 17, 2018. Pluralsight estimates that its net proceeds from the offering will be approximately $326 million after deducting underwriting discounts and commissions and estimated offering expenses. Wilson Sonsini Goodrich & Rosati represented Pluralsight in the offering.

Morgan Stanley & Co. and J.P. Morgan Securities acted as lead book-running managers for the offering, while Barclays Capital and Merrill Lynch, Pierce, Fenner & Smith acted as book-running managers. First Analysis Securities Corporation, Needham & Company, Raymond James & Associates, and SunTrust Robinson Humphrey acted as co-managers.

The WSGR team representing Pluralsight in the offering includes partners Rezwan Pavri, Allison Spinner, Bob Day, Adam Bloom, Jonathan Zhu, David Thomas, and Brandon Gantus; associates Jordan Coleman, Michael Klippert, Lang Liu, Shira Oyserman, Tim Shapiro, and Mike Moesel; and senior paralegals Amy Martin and Jessie Couch.

For more information, please see Pluralsight's press release.