On March 24, 2021, Cricut, Inc., the creative technology company that has brought a connected platform for making to over four million users worldwide, announced the pricing of its initial public offering of 15,314,903 shares of Class A common stock, of which 13,250,000 shares are offered by Cricut and 2,064,903 shares are offered by certain of Cricut’s existing shareholders at a price to the public of $20.00 per share. Cricut and the selling shareholders have granted the underwriters a 30-day option to purchase up to an additional 2,297,235 shares of Class A common stock at the public offering price, less underwriting discounts and commissions. Wilson Sonsini Goodrich & Rosati is advising Cricut on the transaction.
The shares began trading on the Nasdaq Global Select Market on March 25, 2021, under the ticker symbol “CRCT.” The offering is expected to close on March 29, 2021, subject to the satisfaction of customary closing conditions.
The Wilson Sonsini team advising Cricut on the offering includes:
Corporate
Katie Martin
Rezwan Pavri
Richard Blake
Adam Bloom
Annie Kim
Tayler Tanner
Delaware Law and Governance
Ryan Greecher
Adrian Broderick
Employee Benefits and Compensation
David Thomas
Mark Cornillez-Ty
Tax
Jonathan Zhu
Derek Wallace
For more information, please see Cricut’s press release.