Silver Spring Networks Announces the Closing of its Initial Public Offering and Full Exercise of the Underwriters’ Over-Allotment Option
REDWOOD CITY, Calif.--(BUSINESS WIRE)-- Silver Spring Networks, Inc. (NYSE: SSNI ) , a leading networking platform and solutions provider for smart energy networks, today announced the closing of its previously announced initial public offering of 5,462,500 shares of common stock at a price to the public of $17.00 per share, which included 712,500 shares of common stock issued upon the exercise in full of the underwriters’ option to purchase additional shares to cover over-allotments. All of the shares sold in the offering were sold by Silver Spring Networks. The shares began trading on The New York Stock Exchange on March 13, 2013 under the symbol “SSNI.”
Goldman, Sachs & Co. and Credit Suisse Securities (USA) LLC acted as joint book-running managers for the offering and Stifel, Nicolaus & Company, Incorporated, Piper Jaffray & Co., Canaccord Genuity Inc., Evercore Group L.L.C., Pacific Crest Securities LLC and Robert W. Baird & Co. acted as co-managers.
A registration statement relating to these securities was declared effective by the Securities and Exchange Commission on March 12, 2013. This offering was made solely by means of a prospectus. A copy of the final prospectus related to the offering may be obtained from: Goldman, Sachs & Co., Attention: Prospectus Department, 200 West Street, New York, NY 10282, telephone: 1-866-471-2526 or by emailing email@example.com or Credit Suisse Securities (USA) LLC, Attention: Prospectus Department, One Madison Avenue, New York, New York 10010, telephone: 1-800-221-1037 or by emailing firstname.lastname@example.org.
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 an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Silver Spring Networks, Inc.
Noel Hartzell, 650-839-4184
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