- PowerSchool Holdings ( NYSE: PWSC ) on Tuesday announced a secondary public offering of 8.7 million share of its class A common stock.
- The selling stockholders participating in the offering are associated with Onex Partners Manager LP and Vista Equity Partners as well as Hardeep Gulati.
- The selling stockholders also intend to grant the underwriters a 30-day option to purchase up to an additional 1,305,000 class A shares.
- PowerSchool will not receive any proceeds from the offering, but will bear the costs associated with sale of shares, other than any underwriting discounts and commissions.
- Goldman Sachs and Barclays Capital are acting as joint book-running managers and representatives of the underwriters for the proposed offering.
- Press Release .
For further details see:
PowerSchool launches secondary offering of 8.7M shares