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SolarWinds Announces Pricing of Initial Public OfferingAUSTIN, Texas, Oct. 18, 2018 (GLOBE NEWSWIRE) -- SolarWinds, a leading provider of powerful and affordable IT management software, today announced the pricing of its initial public offering of 25,000,000 shares of its common stock at a price to the public of $15.00 per share. The shares are expected to begin trading on October 19, 2018 on the New York Stock Exchange (NYSE) under the ticker symbol “SWI,” and the offering is expected to close on October 23, 2018, subject to customary closing conditions. In addition, SolarWinds has granted the underwriters a 30-day option to purchase up to an additional 3,750,000 shares. Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and Credit Suisse Securities (USA) LLC are acting as joint lead book-running managers for the offering. BofA Merrill Lynch, Barclays Capital Inc., Citigroup Global Markets Inc., Evercore Group L.L.C., Jefferies LLC, Macquarie Capital (USA) Inc., Nomura Securities International, Inc. and RBC Capital Markets, LLC are acting as joint book-running managers. JMP Securities LLC, KeyBanc Capital Markets Inc., Mischler Financial Group, Inc., Robert W. Baird & Co. Incorporated, Samuel A. Ramirez & Company, Inc. and SunTrust Robinson Humphrey, Inc. are acting as co-managers. The shares are being sold pursuant to a registration statement declared effective by the Securities and Exchange Commission on October 18, 2018. Copies of the registration statement can be accessed through the SEC's website at www.sec.gov. The offering of these securities will only be made by means of a written prospectus forming a part of the effective registration statement. A copy of the prospectus related to the offering may be obtained, when available, from: Goldman Sachs & Co. LLC, Attn: Prospectus Department, 200 West Street, New York, New York 10282, telephone: 866-471-2526, facsimile: 212-902-9316, e-mail: [email protected]; J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, telephone: 866-803-9204; Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Sreet, 2nd Floor, New York, New York 10014; or Credit Suisse Securities (USA) LLC, Attention: Prospectus Department, One Madison Avenue, New York, New York 10010, telephone: 800-221-1037 or by email at [email protected]. This press release shall not constitute an offer to sell or solicitation of any offer to buy, nor shall there be any sale of, these securities in any state or jurisdiction in which such offer, solicitation or sales would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About SolarWinds Caution Regarding Forward-Looking Statements © 2018 SolarWinds Worldwide, LLC. All rights reserved.
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