Zscaler Inc. (ZS) Prices 12M Share IPO at $16/Sh

Zscaler, Inc. (NASDAQ: ZS) today announced the pricing of its initial public offering of 12,000,000 shares of its common stock at a public offering price of $16.00 per share for total gross proceeds of approximately $192.0 million. The shares are expected to begin trading on the Nasdaq Global Select Market on March 16, 2018, under the symbol "ZS." The offering is expected to close on March 20, 2018, subject to customary closing conditions.

In addition, Zscaler has granted the underwriters a 30-day option to purchase up to an additional 1,800,000 shares of common stock to cover over-allotments, if any, at the public offering price, less underwriting discounts and commissions.

Lead book running managers for the proposed offering:

• Morgan Stanley & Co. LLC
• Goldman Sachs & Co. LLC

Additional book running managers:

• BofA Merrill Lynch
• Barclays Capital Inc.
• Deutsche Bank Securities Inc.
• Credit Suisse Securities (USA) LLC
• UBS Securities LLC

Co-managers:

• Robert W. Baird & Co. Incorporated
• BTIG, LLC
• Needham & Company, LLC
• Stephens Inc.

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