SendGrid Announces Pricing of Initial Public Offering

DENVER, Nov. 14, 2017 /PRNewswire/ -- SendGrid, Inc., a leading digital communication platform, today announced the pricing of its initial public offering of 8,200,000 shares of common stock at a price to the public of $16.00 per share. The shares are expected to begin trading on the New York Stock Exchange under the symbol "SEND" on November 15, 2017, and the offering is expected to close on November 17, 2017, subject to customary closing conditions. In addition, SendGrid has granted the underwriters a 30-day option to purchase up to 1,230,000 additional shares of common stock at the initial public offering price less underwriting discounts and commissions.

Morgan Stanley & Co. LLC and J.P. Morgan Securities LLC are acting as book-running managers for the offering. William Blair & Company, L.L.C., KeyBanc Capital Markets Inc., Piper Jaffray & Co. and Stifel, Nicolaus & Company, Incorporated are acting as co-managers.

The offering is being made only by means of a prospectus. A copy of the final prospectus, when available, may be obtained from Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, New York 10014 or email at [e-mail]; or J.P. Morgan Securities LLC, Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, telephone: [phone], or email at [e-mail].

A registration statement relating to these securities has been filed with, and declared effective by, the Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About SendGrid:
SendGrid is a leading digital communication platform, enabling businesses to engage with their customers via email reliably, effectively and at scale. A leader in email deliverability, SendGrid has processed over 36 billion emails each month for internet and mobile-based customers as well as more traditional enterprises.

Investor Relations Contact:
David Banks
SendGrid
888-985-7363
[e-mail]

Media Contact:
David Friedman
SendGrid
303-868-9641
[e-mail]

Source: SendGrid, Inc.