Benzinga | Jul 28, 2021 06:25AM EDT

MeridianLink Raises $260M Via Upsized IPO At $26 Per Share, Trading Begins Today

* Cloud-based technology company MeridianLink, Inc (NYSE:MLNK) priced 13.2 million shares at $26 per share in its upsized initial public offering.

* The company upsized the offering from the previously announced 12 million shares.

* The offering consists of 10 million shares offered by MeridianLink and 3.2 million shares to be sold by certain existing stockholders.

* The company had estimated to price the IPO at $24 to $26 per share.

* The estimated gross proceeds are $260 million.

* Additionally, certain selling stockholders have granted the underwriters a 30-day option to purchase additional shares up to 1.98 million shares.

* The shares are likely to begin trading on the NYSE under the ticker symbol "MLNK" today.