ON24, which provides a B2B customer engagement platform supporting webinars and analytics, raised $428 million by offering 8.6 million shares (26% secondary) at $50, the high end of the range of $45 to $50. New investor Tiger Global Management had indicated on $75 million worth of shares in the offering. At pricing, the company raised 5% more in proceeds than anticipated.
ON24 plans to list on the NYSE under the symbol ONTF. Goldman Sachs, J.P. Morgan and KeyBanc Capital Markets acted as lead managers on the deal.
