Benzinga | Aug 20, 2020 05:38AM EDT

ZoomInfo Priced 14.9M Share Secondary Offering of Shares of Class A Common Stock by Selling Stockholders @$37/Share

ZoomInfo Technologies Inc. (NASDAQ:ZI) announced that certain selling stockholders of ZoomInfo, including investment funds affiliated with TA Associates ("TA"), The Carlyle Group ("Carlyle") and 22C Capital LLC (together with TA and Carlyle, the "Selling Stockholders"), have priced the previously announced underwritten public offering of 14,938,379 shares of ZoomInfo's Class A common stock at a price to the public of $37.00 per share. This represents an increase of 2,938,379 shares from the previously announced offering size of 12,000,000 shares. The Selling Stockholders have granted the underwriters a 30-day over-allotment option to purchase up to an additional 2,240,756 shares of ZoomInfo's Class A common stock. The offering is expected to close on August 24, 2020, subject to customary closing conditions.

ZoomInfo is not selling any shares of Class A common stock in the offering, will not receive any of the proceeds from the sale, and will bear the costs associated with the sale of such shares, other than the underwriting discounts.

J.P. Morgan and Morgan Stanley are acting as the joint lead book-running managers for the offering. Barclays and Credit Suisse are also acting as joint book-running managers of the offering, as are BofA Securities, Deutsche Bank Securities, RBC Capital Markets, UBS Investment Bank, and Wells Fargo Securities. Canaccord Genuity, JMP Securities, Mizuho Securities, Piper Sandler, Raymond James, Stifel, Truist Securities, Loop Capital Markets, Penserra Securities LLC, Roberts & Ryan, and R. Seelaus & Co., LLC are acting as co-managers of the offering.