MINDBODY Announces Pricing of Initial Public Offering
On June 18, 2015, MINDBODY, Inc. announced the pricing of its initial public offering of 7,150,000 shares of its Class A common stock at a price to the public of $14 per share. In addition, MINDBODY has granted the underwriters a 30-day option to purchase up to an additional 1,072,500 shares of Class A common stock to cover overallotments, if any. The shares began trading on the Nasdaq Global Market on June 19, 2015, under the symbol "MB."
Wilson Sonsini Goodrich & Rosati is advising MINDBODY in the offering. Morgan Stanley & Co. LLC, Credit Suisse Securities (USA) LLC, and UBS Securities LLC are acting as joint book-running managers. Pacific Crest Securities, a division of KeyBanc Capital Markets Inc., and JMP Securities LLC are acting as co-managers for the offering.
WSGR's team includes partners Jon Avina and Michelle Wallin; associates Erin Guldiken, Sriram Krishnamurthy, Lauren Lichtblau, and Derk Lupinek; corporate specialist Marleina Paz; and paralegal Brian Youn.
For more information, please see MINDBODY's press release.