Similarweb, which provides a freemium platform for website traffic analytics, raised $176 million by offering 8 million shares (6% secondary) at $22, above the range of $19 to $21. Existing shareholder ION Crossover Partners had indicated on $30 million worth of shares. At pricing, the company commands a fully diluted market value of $1.9 billion.
Similarweb plans to list on the NYSE under the symbol SMWB. J.P. Morgan, Citi, Barclays and Jefferies acted as lead managers on the deal.
