On July 25, 2024, OneStream, a leading enterprise finance management platform, closed its initial public offering of 28,175,000 shares of its Class A common stock, including the exercise in full by the underwriters of their option to purchase an additional 3,675,000 shares, at a public offering price of $20 per share. The shares began trading on the Nasdaq Global Select Market on July 24, 2024, under the symbol “OS.” The offering consisted of 21,729,333 shares sold by OneStream, including the underwriters’ option exercise, and 6,445,667 shares sold by existing stockholders. Wilson Sonsini Goodrich & Rosati advised OneStream on the offering.

OneStream used a portion of the net proceeds from the offering to purchase newly issued common units of OneStream Software LLC, of which OneStream is the sole manager following the Up-C reorganization completed in connection with the offering. OneStream used the remaining net proceeds to purchase common units of OneStream Software LLC and shares of Class C common stock from certain of its existing stockholders in a synthetic secondary transaction at a purchase price per unit equal to the initial public offering price per share of Class A common stock, net of underwriting discounts and commissions. OneStream did not receive any proceeds from the sale of shares by the selling stockholders.

Wilson Sonsini Goodrich & Rosati represented OneStream in the transaction. The Wilson Sonsini team includes Allison Spinner, Michael Nordtvedt, Victor Nilsson, Ari Goldberg, Aletha Tarn, Adam Bloom, Jonathan Zhu, Derek Wallace, Michael Montfort, Julia Anderson, and Adrian Broderick.

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