On July 27, 2021, MeridianLink, Inc. announced the pricing of its upsized initial public offering of 13,200,000 shares of common stock at a price to the public of $26.00 per share, consisting of 10,000,000 shares offered by MeridianLink and 3,200,000 shares sold by certain of MeridianLink’s existing stockholders. In addition, certain of the selling stockholders have granted the underwriters a 30-day option to purchase up to an additional 1,980,000 shares of common stock at the initial public offering price, less underwriting discounts and commissions. MeridianLink’s stock began trading on the New York Stock Exchange on July 28, 2021, under the ticker symbol "MLNK" and the offering closed on July 30, 2021. Wilson Sonsini Goodrich & Rosati represented the underwriters in the transaction.
MeridianLink is a cloud-based technology company that enables banks, credit unions, mortgage lenders, specialty lending providers, and consumer reporting agencies to streamline loan decision making, loan origination, and customer collection workflows.
BofA Securities, Credit Suisse, and Barclays acted as lead book-running managers for the offering. Citigroup Global Markets Inc. and Raymond James & Associates, Inc. acted as book running managers, and BTIG, Wolfe | Nomura Strategic Alliance, Stifel, William Blair, Blaylock Van, LLC, Roberts & Ryan Investments, Inc., Samuel A. Ramirez & Company, Inc., and Tigress Financial Partners LLC acted as co-managers.
The Wilson Sonsini team advising the underwriters on the transaction included Katharine Martin, Rezwan Pavri, Bryan King, and Victor Nilsson.
For more information, please see MeridianLink's press release.