Phreesia Inc. (PHR) Prices 5M Share Common Stock Offering at $32/Each

Phreesia, Inc. (“Phreesia”) (NYSE: PHR), a leading patient intake management platform, announced today the pricing of its previously announced underwritten public offering of 5,000,000 shares of its common stock (the “Offering”) at a price to the public of $32.00 per share, all of which will be sold by the Company. In addition, the Company has granted the underwriters an option for 30 days to purchase up to 750,000 additional shares of common stock at the public offering price, less underwriting discounts.

The Offering is expected to close on October 23, 2020, subject to the satisfaction of customary closing conditions. Phreesia expects to receive net proceeds from the offering of approximately $151.6 million (or approximately $174.4 million if the underwriters exercise their option to purchase additional shares in full) after deducting underwriting discounts and estimated offering expenses.

J.P. Morgan and William Blair are acting as joint book-running managers for the Offering and as representatives of the underwriters. Allen & Company LLC and Piper Sandler are acting as passive book-running managers, and Baird, Raymond James, Cantor, Guggenheim Securities, KeyBanc Capital Markets, Needham & Company and Siebert Williams Shank are acting as co-managers for the Offering.

The Offering is being made only by means of a prospectus supplement and an accompanying prospectus. A preliminary prospectus supplement describing the terms of the offering has been filed with the SEC. When available, copies of the final prospectus supplement and accompanying prospectus relating to the Offering may be obtained from: J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, telephone: 1-866-803-9204; or from William Blair & Company, L.L.C., Attention: Prospectus Department, 150 North Riverside Plaza, Chicago, IL 60606, telephone: 1-800-621-0687.

You May Also Be Interested In

• Lyntris launches IPO at $19-$22 per share on NYSE
• PN Smart Energy closes $5.2M registered direct offering
• Tyson Foods prices $1B senior notes offering due 2031 and 2037