SAN FRANCISCO HashiCorp, a leader in multi-cloud infrastructure automation software, announced the pricing of its initial public offering (IPO) of 15.3 million Class A common stock at $80.00 per share.
All of the shares are being offered by HashiCorp.
The gross proceeds of the offering, before deducting underwriting discounts and commissions and other offering expenses payable by HashiCorp, are expected to be $1.22 billion.
The shares are expected to begin trading on the Nasdaq Global Select Market on December 9, 2021, under the ticker symbol “HCP.”
The offering is expected to close on December 13, 2021, subject to the satisfaction of customary closing conditions.
In addition, HashiCorp has granted the underwriters a 30-day option to purchase up to an additional 2,295,000 shares of Class A common stock at the initial public offering price, less the underwriting discounts and commissions.
Morgan Stanley, Goldman Sachs & Co. LLC, and J.P. Morgan are acting as lead book-running managers for the offering. BofA Securities and Citigroup are acting as joint book-running managers for the offering.
Cowen, JMP Securities, KeyBanc Capital Markets, Wolfe | Nomura Alliance, Oppenheimer & Co., Stifel, William Blair, Blaylock Van, LLC, and R. Seelaus & Co., LLC are acting as co-managers for the offering.