OneStream Announces Pricing of Initial Public Offering

OneStream's IPO Details

OneStream Inc., a prominent player in the corporate performance management solutions sector, has officially announced the pricing of its initial public offering (IPO) 1

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. The company is offering 19,000,000 shares of its Class A common stock to the public at a price of $23.00 per share 2

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. This move marks a significant milestone for OneStream as it transitions into a publicly traded company.

Market Listing and Trading

The shares are expected to begin trading on the New York Stock Exchange (NYSE) on July 20, 2023, under the ticker symbol "ONEAF" 3

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. This listing on one of the world's most prestigious stock exchanges is likely to increase OneStream's visibility and access to capital markets.

Underwriters and Over-Allotment Option

OneStream has granted the underwriters a 30-day option to purchase up to an additional 2,850,000 shares of Class A common stock at the initial public offering price, less underwriting discounts and commissions 1

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. This over-allotment option, also known as a "greenshoe option," provides flexibility to meet potential excess demand for the shares.

The offering is being led by Goldman Sachs & Co. LLC, J.P. Morgan, and Morgan Stanley, who are acting as lead book-running managers 2

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. Barclays, BofA Securities, and Deutsche Bank Securities are also participating as book-running managers for the offering.

Closing of the Offering

The offering is expected to close on July 24, 2023, subject to customary closing conditions 3

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. This timeline provides a clear schedule for investors and market watchers interested in OneStream's public debut.

About OneStream Inc.

OneStream is a corporate performance management (CPM) software company that provides a unified, comprehensive platform for financial consolidation, planning, reporting, analytics, and financial data quality 1

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. The company's innovative solutions aim to streamline and enhance financial operations for businesses across various industries.

Market Impact and Future Prospects

OneStream's IPO is likely to attract significant attention from investors interested in the growing field of corporate performance management and financial technology. The success of this offering could potentially influence other companies in the sector considering going public.

As OneStream transitions to a public company, it will face new challenges and opportunities, including increased scrutiny from investors and regulators, as well as enhanced ability to fund growth and innovation initiatives.