On April 21, 2021, KnowBe4, Inc., provider of the leading security awareness platform, announced the pricing of its initial public offering of 9,500,000 shares of its Class A common stock at a price to the public of $16.00 per share. KnowBe4 is offering 9,000,000 shares of its Class A common stock, and certain selling shareholders are offering 500,000 shares of KnowBe4’s Class A common stock. In addition, the underwriters have been granted a 30-day option to purchase up to an additional 1,425,000 shares of Class A common stock from KnowBe4 at the initial public offering price, less underwriting discounts and commissions. KnowBe4 will not receive any proceeds from any sales of shares by the selling stockholders. The shares began trading on the Nasdaq Global Select Market on April 22, 2021, under the symbol "KNBE." The offering is expected to close on April 26, 2021, subject to customary closing conditions. Wilson Sonsini Goodrich & Rosati is advising KnowB4 on the transaction.

Morgan Stanley, Goldman Sachs & Co., BofA Securities, and KKR Capital Markets are acting as lead bookrunners and Citigroup and UBS Investment Bank are acting as additional bookrunners for the offering. Baird, Canaccord Genuity, Cowen, Needham & Company, Piper Sandler, and Truist Securities are acting as co-managers for the offering.

The Wilson Sonsini team advising KnowBe4 on the offering includes:

Corporate
Tony Jeffries
Megan Baier
David Sharon
Ali Perry
Courtney Matteson
Abi Riddle
McKenna Pruitt

Employee Benefits and Compensation
Sriram Krishnamurthy
Matthew Norgard

Regulatory
Anne Seymour

For more information, please see KnowBe4’s press release.