[ADVERT]
Share Name Share Symbol Market Type
Salesforce Com Inc NYSE:CRM NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  -3.95 -1.52% 256.58 1,106 09:55:19

Monday.com Sets IPO at 3.7 Million Shares; Sees Pricing at $125-$140 Each

01/06/2021 1:46pm

Dow Jones News


Salesforce Com (NYSE:CRM)
Historical Stock Chart


From Mar 2021 to Sep 2021

Click Here for more Salesforce Com Charts.

By Colin Kellaher

 

Monday.com Ltd. on Tuesday said it plans to sell 3.7 million shares at between $125 and $140 apiece in its initial public offering.

The Tel Aviv project-management software provider also said Salesforce Ventures LLC, the venture arm of business-software giant Salesforce.com Inc., and Zoom Video Communications Inc. have each agreed to invest $75 million in a private placement at the IPO price.

At the $132.50 midpoint of the expected price range, monday.com said it expects net proceeds of about $596.6 million from the IPO and private placements, or roughly $642.3 million if the underwriters exercise an option to buy an additional 370,000 shares.

In a filing with the U.S. Securities and Exchange Commission, monday.com said it would have about 44.1 million shares outstanding after the IPO and private placements, assuming exercise of the overallotment option, for a market capitalization of around $5.84 billion at the $132.50-a-share pricing midpoint.

Monday.com said it has applied to list its shares on the Nasdaq Global Select Market under the symbol MNDY.

 

Write to Colin Kellaher at colin.kellaher@wsj.com

 

(END) Dow Jones Newswires

June 01, 2021 08:36 ET (12:36 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

1 Year Salesforce Com Chart

1 Year Salesforce Com Chart

1 Month Salesforce Com Chart

1 Month Salesforce Com Chart
ADVFN Advertorial
Your Recent History
NYSE
CRM
Salesforce..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:gb D:20210920 09:12:05