Sprout Social, Inc.

Sprout Social, Inc. (SPT) priced its initial public offering on Dec 13, 2019 at $17.00 per share, raising $150M, and listed on Nasdaq Capital Market. At the IPO price its market capitalization was about $814M. Goldman Sachs was lead-left underwriter, joined by Morgan Stanley, KeyBanc and William Blair and others. Latham & Watkins advised the company and Winston & Strawn advised the underwriters.

Sprout Social, Inc. provides cloud software, introduced in 2011, that gives businesses a centralized platform to manage social media channels. Its product brings together social messaging, data and workflows across marketing, sales, customer service and other functions of an organization.

Status

IPO

Ticker

SPT

Exchange

Nasdaq Capital Market

Priced

Dec 13, 2019

IPO price

$17.00

Raised

$150M

Market cap at IPO price

$814M

First filed

Oct 25, 2019

Underwriters

Goldman Sachs, Morgan Stanley, KeyBanc, William Blair, Canaccord Genuity and Stifel

Company counsel

Latham & Watkins

Underwriters' counsel

Winston & Strawn

Sector

Technology

Country / state

IL

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.