Smartsheet Announces Closing of Initial Public Offering and Full Exercise of the Underwriters’ Option to Purchase Additional Shares

BELLEVUE, Wash., May 1, 2018 – Smartsheet Inc. (NYSE: SMAR), a leading provider of a cloud-based platform for work execution, today announced the closing of its initial public offering of Class A common stock and the full exercise of the underwriters’ option to purchase 1,745,088 additional shares.  Smartsheet sold 11,745,088 shares and the selling shareholders sold 1,633,920 shares, including the shares sold upon exercise of the underwriters’ option to purchase additional shares.  The shares began trading on the New York Stock Exchange on April 27, 2018 under the symbol “SMAR.”
 
Morgan Stanley & Co. LLC, J.P. Morgan Securities LLC, and Jefferies LLC acted as lead book-running managers for the offering. RBC Capital Markets LLC acted as joint bookrunner. Canaccord Genuity LLC, William Blair & Company, L.L.C., and SunTrust Robinson Humphrey, Inc. acted as co-managers.
 
The offering was made only by means of a prospectus. Copies of the final prospectus related to the offering may be obtained from Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014; or from J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by telephone at 866-803-9204, or by email at prospectus-eq_fi@jpmchase.com; or from Jefferies LLC, Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, 2nd Floor, New York, NY 10022, or by telephone at (877) 821-7388, or by email at Prospectus_Department@Jefferies.com.
 
A registration statement relating to these securities was declared effective by the Securities and Exchange Commission on April 26, 2018. 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.

Contacts:

Investor Contact:
Aaron Turner
investorrelations@smartsheet.com

Media Contact:
Dan Benelisha
dan.benelisha@smartsheet.com