Samsara Inc., the pioneer of the Connected Operations Cloud, announced today that it plans to commence the roadshow for its proposed initial public offering of its Class A common stock. Samsara has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (the “SEC”) to offer 35,000,000 shares of its Class A common stock to the public. In addition, Samsara expects to grant the underwriters a 30-day option to purchase up to an additional 5,250,000 shares of its Class A common stock. The initial public offering price is expected to be between $20.00 and $23.00 per share. Samsara has been approved to list its Class A common stock on the New York Stock Exchange under the ticker symbol “IOT.”
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Morgan Stanley, Goldman Sachs & Co. LLC, J.P. Morgan, and Allen & Company LLC are acting as lead book-running managers for the proposed offering. RBC Capital Markets, Wells Fargo Securities, Evercore ISI, and William Blair are acting as book-running managers for the proposed offering. Cowen, Wolfe | Nomura Alliance, Academy Securities, Loop Capital Markets, R. Seelaus & Co., LLC, Ramirez & Co., Inc., and Siebert Williams Shank are acting as co-managers for the proposed offering.
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A registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective.
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