EverCommerce, which provides SaaS solutions to SMBs for business and customer management, raised $325 million by offering 19.1 million shares at $17, the midpoint of the $16 to $18 range.
New investor Hedosophia had indicated an interest in purchasing up to $75 million of EverCommerce's IPO (23% of the deal), and Silver Lake planned to invest $75 million in a concurrent private placement.
The Denver, CO-base company plans to list on the Nasdaq under the symbol EVCM. Goldman Sachs, J.P. Morgan, RBC Capital Markets, KKR, Barclays, Deutsche Bank, Jefferies, Evercore ISI, Oppenheimer & Co., Piper Sandler, Raymond James, and Stifel acted as joint bookrunners on the deal.
