Smartsheet Inc. (SMAR) Prices 11.63M Class A Share IPO at $15/Sh

Smartsheet Inc. (NYSE: SMAR), a leading provider of a cloud-based platform for work execution, today announced the pricing of its initial public offering of 11,633,920 shares of its Class A common stock at a price to the public of $15.00 per share. Smartsheet is offering 10,000,000 shares and certain selling shareholders are offering 1,633,920 shares. In addition, Smartsheet has granted the underwriters a 30-day option to purchase up to an additional 1,745,088 shares of Class A common stock. The shares of Class A common stock are expected to begin trading on the New York Stock Exchange under the symbol “SMAR” on April 27, 2018.

Morgan Stanley & Co. LLC, J.P. Morgan Securities LLC, and Jefferies LLC are acting as lead book-running managers for the offering. RBC Capital Markets LLC is acting as joint bookrunner. Canaccord Genuity LLC, William Blair & Company, L.L.C., and SunTrust Robinson Humphrey, Inc. are acting as co-managers.

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