Workiva Announces Pricing of Initial Public Offering
Ames, IA, December 11, 2014 – Workiva Inc. (NYSE: WK) today announced the pricing of its initial public offering of 7,200,000 shares of its Class A common stock at a price to the public of $14.00 per share. The underwriters have been granted a 30-day option to purchase up to an additional 1,080,000 shares of Class A common stock from Workiva at the initial public offering price to cover over-allotments, if any. The shares are expected to begin trading on the New York Stock Exchange on December 12, 2014 under the symbol "WK."
Morgan Stanley & Co. LLC and Credit Suisse Securities (USA) LLC are acting as joint book-running managers for the offering. Robert W. Baird & Co, Raymond James & Associates, Inc., and Stifel are acting as co-managers for the offering.
A registration statement relating to these securities has been filed with, and was declared effective on December 11, 2014 by, the Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
The offering will be made only by means of a prospectus. Copies of the final prospectus related to the offering may be obtained, when available, from: Morgan Stanley & Co. LLC, Attn: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014, by email at firstname.lastname@example.org, or by telephone at (866) 718-1649; or Credit Suisse Securities (USA) LLC, Attn: Prospectus Department, One Madison Avenue, New York, NY 10010, by email at email@example.com, or by telephone at (800) 221-1037.
Workiva created Wdesk, a cloud-based platform for enterprises to collect, manage, report and analyze business data in real time. Wdesk includes a sophisticated productivity suite for business data collaboration and reporting that is used by thousands of corporations, including more than 60 percent of the Fortune 500. Wdesk proprietary word processing, spreadsheet and presentation applications are fully integrated and built upon the Workiva data management engine. Wdesk helps reduce enterprise risk and increase productivity with synchronized data, controlled collaboration, granular permissions and a full audit trail. This gives users confidence to make decisions with real-time data. Workiva employs more than 900 people with offices in 15 cities. The company is headquartered in Ames, Iowa.
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