Informatica Announces Pricing of Secondary Public Offering of Common Stock
08 November 2024 - 6:43PM
Business Wire
Informatica (NYSE: INFA), a leader in enterprise AI-powered
cloud data management, today announced the pricing of its
previously announced underwritten registered secondary offering of
16,000,000 shares of its Class A common stock (the “Offering”) by
certain funds associated with Permira and Canada Pension Plan
Investment Board (together, the “Selling Stockholders”) at a price
to the public of $25.50. In connection with the Offering, the
Selling Stockholders have granted the underwriter a 30-day option
to purchase up to 2,400,000 additional shares. The Offering is
expected to close on November 12, 2024, subject to satisfaction of
customary closing conditions. Informatica will not receive any
proceeds from the sale of its Class A common stock by the Selling
Stockholders in the Offering.
Goldman Sachs & Co. LLC is acting as the lead book-running
manager for the Offering. J.P. Morgan is acting as the senior
active book-running manager and BofA Securities and Citigroup are
acting as junior active book-running managers for the Offering.
Deutsche Bank Securities, RBC Capital Markets, UBS Investment Bank,
BMO Capital Markets, Scotiabank, PJT Partners, LionTree, Macquarie
Capital, Wolfe | Nomura Alliance are acting as passive bookrunners
for the Offering. Centerview Partners, Academy Securities, Inc. and
Siebert Williams Shank are acting as co-managers for the
Offering.
The Offering will be made only by means of an effective
registration statement, a prospectus supplement and an accompanying
prospectus. Informatica has filed a registration statement
(including a base prospectus) on Form S-3 and a preliminary
prospectus supplement with the U.S. Securities and Exchange
Commission (the “SEC”), for the Offering to which this
communication relates. The registration statement automatically
became effective on November 7, 2024. Before you invest, you should
read the prospectus in that registration statement, the prospectus
supplement and other documents Informatica has filed with the SEC
for more complete information about Informatica and this Offering.
You may get these documents for free by visiting EDGAR on the SEC
website at www.sec.gov. Alternatively, a copy of the prospectus
supplement relating to the Offering may be obtained by contacting:
Goldman Sachs & Co., LLC, Attention: Prospectus Department, 200
West Street, New York, NY 10282, by telephone at 1-866-471-2526 or
email at prospectus-ny@ny.email.gs.com and J.P. Morgan Securities
LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue,
Edgewood, NY 11717 or by email
at prospectus-eq_fi@jpmchase.com and postsalemanualrequests@broadridge.com.
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 law of any such state or
jurisdiction.
About Informatica
Informatica (NYSE: INFA), a leader in enterprise AI-powered
cloud data management, brings data and AI to life by empowering
businesses to realize the transformative power of their most
critical assets. We have created a new category of software, the
Informatica Intelligent Data Management Cloud™ (IDMC). IDMC is an
end-to-end data management platform, powered by CLAIRE AI, that
connects, manages and unifies data across any multi-cloud or hybrid
system, democratizing data and enabling enterprises to modernize
and advance their business strategies. Customers in approximately
100 countries, including more than 80 of the Fortune 100, rely on
Informatica to drive data-led digital transformation. Informatica.
Where data and AI come to life.
Forward Looking Statements
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act and Section 21E of
the Securities Exchange Act of 1934. Forward-looking statements in
this release include statements regarding the closing of the
Offering transaction between the underwriters, the Selling
Stockholders and the Company and the filing of a prospectus
supplement. These forward-looking statements are subject to risks
and uncertainties, including the risks described in our Quarterly
Report on Form 10-Q for the quarter ended September 30, 2024, and
other filings and reports we make with the SEC from time to time.
The forward-looking statements in this press release are based on
information available to us as of the date hereof, and we disclaim
any obligation to update any forward-looking statements, except as
required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20241107818071/en/
Investor Relations: Victoria Hyde-Dunn
vhydedunn@informatica.com
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