Switch announces closing of public offering
Switch, Inc. closed its initial public offering of 35,937,500 shares of its Class A common stock, including 4,687,500 shares offered and sold pursuant to an option granted to the underwriters, at a public offering price of $17 per share.
All of the shares of Class A common stock were offered by Switch. The shares began trading on the New York Stock Exchange on Oct. 6, under the ticker symbol “SWCH.”
Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, BMO Capital Markets Corp. and Wells Fargo Securities, LLC served as lead bookrunners and as representatives of the underwriters for the offering. Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC and Jefferies LLC served as bookrunners for the offering. BTIG, LLC, Raymond James & Associates, Inc., Stifel, Nicolaus & Company, Inc. and William Blair & Company, L.L.C. served as co-managers for the offering.
A registration statement relating to these securities was declared effective by the U.S. Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Switch is a technology infrastructure ecosystem corporation that’s developing a data center at the Tahoe Regional Industrial Center east on Reno-Sparks.
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