dChan - Q Origins Project Archive

Shutterstock, Inc sold by founder/Executive Chair: $95.59m-Aug 14th

from August 12, 2020

Shutterstock Announces Pricing of Public Offering of Common Stock

Shutterstock, Inc. (NYSE: SSTK), a leading global technology company offering a creative platform for high-quality content, tools and services, today announced the pricing of its public offering of 2,580,000 shares of its common stock at a price to the public of $48.50 per share. Shutterstock is selling 516,000 shares of common stock in this offering, and Jon Oringer (Shutterstock's Founder, Executive Chairman of the Board and largest stockholder) is selling 2,064,000 shares of common stock in this offering. In addition, Mr. Oringer granted the underwriters a 30-day option to purchase up to an additional 387,000 shares of common stock. The offering is expected to close on August 14, 2020, subject to the satisfaction of customary closing conditions. Shutterstock intends to use the proceeds that it receives from the offering for general corporate purposes. Shutterstock will not receive any of the proceeds from the sale of shares sold by Mr. Oringer. BofA Securities and Morgan Stanley are acting as joint book running managers for this offering. Needham & Company and Stifel are acting as lead managers, and Truist Securities and JMP Securities are acting as co-managers. A shelf registration statement (including a prospectus) relating to these securities was filed on August 10, 2020 with the Securities and Exchange Commission (the "SEC") and became effective upon filing.

https://finance.yahoo.com/news/shutterstock-announces-pricing-public-offering-105000169.html

Shutterstock, Inc. (Shutterstock) is a global technology company that operates a two-sided marketplace for professionals to license content. The Company's library of content includes digital imagery, which consists of licensed photographs, vectors, illustrations and video clips that customers use in their visual communications, such as Websites, digital and print marketing materials, corporate communications, books, publications and video content, and commercial music, which consists of music tracks and sound effects and which is often used to complement digital imagery. It also offers digital asset management services through its cloud-based digital asset management platform (webdam). Its global marketplace brings together users and contributors of content by providing a collection of content its customers can pay to license and incorporate into their work and by compensating contributors as their content is licensed to customers. Number of employees : 1 116 people.

https://www.marketscreener.com/quote/stock/SHUTTERSTOCK-INC-11660041/company/

https://www.finviz.com/insidertrading.ashx?oc=1559639&tc=7