Elastic B.V. (ESTC) Prices 7M Share IPO at $36/Sh

Elastic B.V. (NYSE: ESTC) today announced the pricing of its initial public offering of 7,000,000 of its ordinary shares at a price to the public of $36.00 per share. In addition, Elastic has granted the underwriters a 30-day option to purchase up to 1,050,000 additional ordinary shares at the initial public offering price less the underwriting discount. The offering is expected to close on October 10, 2018, subject to customary closing conditions. On this date, Elastic will change its corporate form into a Dutch public limited company (naamloze vennootschap, or N.V.).

Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC are acting as joint lead book-running managers for the offering. Barclays Capital Inc. and RBC Capital Markets, LLC are acting as book-running managers for the offering. BofA Merrill Lynch, Citigroup Global Markets Inc., and Jefferies LLC are also acting as book-running managers for the offering. Canaccord Genuity LLC is acting as co-manager for the offering.

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