Elastic B.V. (ESTC) Prices 7M Share IPO at $36/Sh

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Go back to Elastic B.V. (ESTC) Prices 7M Share IPO at $36/Sh

Elastic Announces Pricing of Initial Public Offering

October 4, 2018 7:00 PM EDT

MOUNTAIN VIEW, California and AMSTERDAM, The Netherlands, Oct. 04, 2018 (GLOBE NEWSWIRE) -- Elastic B.V. (NYSE: ESTC) (Elastic), the company behind Elasticsearch and the Elastic Stack, today announced the pricing of its initial public offering of 7,000,000 of its ordinary shares at a price to the public of $36.00 per share. In addition, Elastic has granted the underwriters a 30-day option to purchase up to 1,050,000 additional ordinary shares at the initial public offering price less the underwriting discount. The offering is expected to close on October 10, 2018, subject to customary closing conditions. On this date, Elastic will... More