[March 12, 2013]

Silver Spring Networks Prices Initial Public Offering

Silver Spring Networks, Inc. (NYSE: SSNI), a leading networking platform and solutions provider for smart energy networks, today announced the pricing of its initial public offering of 4,750,000 shares of common stock at a price to the public of $17.00 per share. The shares are expected to begin trading on The New York Stock Exchange on March 13, 2013 under the symbol "SSNI." All of the shares being sold in the offering are being sold by Silver Spring Networks. The underwriters have a 30-day option to purchase up to an additional 712,500 shares of common stock from Silver Spring Networks at the initial public offering price.

Goldman, Sachs & Co. and Credit Suisse Securities (USA) LLC are ating as joint book-running managers for the offering and Piper Jaffray & Co., Stifel, Nicolaus & Company, Incorporated, Robert W. Baird & Co., Canaccord Genuity Inc., Evercore Group L.L.C., and Pacific Crest Securities LLC are acting as co-managers.

A registration statement relating to these securities was declared effective by the Securities and Exchange Commission on March 12, 2013. This offering is being made solely by means of a prospectus, copies of which may be obtained from: Goldman, Sachs & Co., Attention: Prospectus Department, 200 West Street, New York, NY 10282, telephone: 1-866-471-2526 or by emailing prospectus-ny@ny.email.gs.com or Credit Suisse Securities (USA) LLC, Attention: Prospectus Department, One Madison Avenue, New York, New York 10010, telephone: 1-800-221-1037 or by emailing newyork.prospectus@credit-suisse.com.

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 an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

[ Back To Technology News's Homepage ]