Upstart Announces Closing of Follow-on Offering and Full Exercise of the Underwriters’ Option to Purchase Additional Shares
15 April 2021 - 2:59PM
Business Wire
Upstart Holdings, Inc. (Nasdaq: UPST) announced today the
closing of its follow-on offering of its common stock at a price to
the public of $120.00 per share, which includes 2,000,000 shares
offered and sold by Upstart and the full exercise of the
underwriters’ option to purchase an additional 300,000 shares from
Upstart.
Upstart intends to use the net proceeds from this offering for
general corporate purposes.
Goldman Sachs & Co. LLC, BofA Securities and Citigroup acted
as lead book-running managers for this offering. Jefferies and
Barclays also acted as book-running managers. JMP Securities and
Piper Sandler acted as co-managers for this offering.
A registration statement relating to this offering was declared
effective by the Securities and Exchange Commission on April 8,
2021. This offering was made only by means of a prospectus. Copies
of the final prospectus may be obtained from: Goldman Sachs &
Co. LLC, Attention: Prospectus Department, 200 West Street, New
York, NY 10282, by telephone at (866) 471-2526 or by e-mail at
prospectus-ny@ny.email.gs.com; BofA Securities, Attention:
Prospectus Department, NC1-004-03-43, 200 North College Street, 3rd
Floor, Charlotte, NC 28255-0001, by telephone at (800) 299-1322 or
by e-mail at dg.prospectus_requests@bofa.com; or Citigroup Global
Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island
Avenue, Edgewood, NY 11717 or by telephone at (800) 831-9146.
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.
About Upstart
Upstart is a leading AI lending platform partnering with banks
to expand access to affordable credit.
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version on businesswire.com: https://www.businesswire.com/news/home/20210414006014/en/
Investors Jason Schmidt Vice President, Investor
Relations ir@upstart.com
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