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Slideshow IPOs

By The Online Investor Staff, updated Mon., Apr. 23, 12:53 PM

Slide #2. Pivotal Software, Inc. Initial Public Offering

Company: Pivotal Software, Inc.
Proposed Symbol: PVTL
Shares Offered: 37,000,000
Price Per Share: $15.00
Over-Allotment: 5,550,000
Description: Pivotal Software, Inc. ("Pivotal") today announced the pricing of its initial public offering of 37,000,000 shares of its Class A common stock at a price to the public of $15.00 per share. Pivotal is offering 33,117,000 shares of its Class A common stock and General Electric, the selling stockholder, is offering 3,883,000 shares of Class A common stock (which represents approximately 20% of General Electric's position in Pivotal). Pivotal shares are expected to begin trading on the New York Stock Exchange on April 20, 2018 under the ticker symbol "PVTL." The offering is expected to close on April 24, 2018, subject to customary closing conditions. Pivotal has granted the underwriters a 30-day option to purchase up to an additional 5,550,000 shares of its Class A common stock.

IPOs: Pivotal Software, Inc.

April 23, 2018    12:53 PM Eastern

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