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KnowBe4 Announces Pricing of Initial Public Offering
KnowBe4, Inc.April 22, 2021 GMT
TAMPA BAY, Fla., April 21, 2021 (GLOBE NEWSWIRE) -- KnowBe4, Inc. (“KnowBe4”), provider of the leading security awareness platform, today announced the pricing of its initial public offering of 9,500,000 shares of its Class A common stock at a price to the public of $16.00 per share. KnowBe4 is offering 9,000,000 shares of its Class A common stock, and certain selling stockholders are offering 500,000 shares of KnowBe4’s Class A common stock. In addition, the underwriters of the initial public offering have been granted a 30-day option to purchase up to an additional 1,425,000 shares of Class A common stock from KnowBe4 at the initial public offering price, less underwriting discounts and commissions. KnowBe4 will not receive any proceeds from any sales of shares by the selling stockholders. The shares are expected to begin trading on the Nasdaq Global Select Market on April 22, 2021 under the symbol “KNBE” and the offering is expected to close on April 26, 2021, subject to customary closing conditions.