Bandwidth Inc. (BAND) Prices 4M Share IPO at $20/Sh

Bandwidth Inc.,(NASDAQ: BAND) today announced the pricing of its initial public offering of 4,000,000 shares of its Class A common stock at a public offering price of $20.00 per share, before underwriting discounts. In addition, Bandwidth and certain selling stockholders have granted the underwriters a 30-day option to purchase up to an additional 600,000 shares of Class A common stock (of which the first 182,500 shares will be sold by the selling stockholders) at the initial public offering price less underwriting discounts and commissions. Bandwidth will not receive proceeds from the sale of shares by the selling stockholders. The shares are expected to begin trading on the Nasdaq Global Select Market under the symbol "BAND" on November 10, 2017. The offering is expected to close on November 14, 2017, subject to customary closing conditions.

Morgan Stanley, KeyBanc Capital Markets and Baird are acting as bookrunners. Canaccord Genuity and JMP Securities are acting as co-managers.

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