Semrush Files Registration Statement for Proposed Public Offering
November 17 2021 - 5:00AM
Business Wire
Semrush Holdings, Inc. (NYSE: SEMR) (“Semrush”), a leading
online visibility management Software-as-a-Service (“SaaS”)
platform, announced today that it has publicly filed a registration
statement on Form S-1 with the U.S. Securities and Exchange
Commission (the “SEC”) relating to a proposed public offering of
5,500,000 shares of its Class A common stock, consisting of
2,500,000 shares to be issued and sold by Semrush and 3,000,000
shares to be sold by certain existing stockholders of Semrush.
Semrush is also expected to grant the underwriters a 30-day option
to purchase up to an additional 825,000 shares of Class A common
stock. The offering is subject to market conditions and there can
be no assurance as to whether or when the offering may be completed
or as to the actual size or terms of the offering.
Semrush intends to use the net proceeds from the sale of its
shares in the offering to invest further in its sales and marketing
activities, to fund its research and development efforts, to pay
anticipated general and administrative expenses, and to fund its
growth strategies. Semrush will not receive any proceeds from the
sale of shares by the selling stockholders.
Morgan Stanley & Co. LLC, Goldman Sachs & Co. LLC, J.P.
Morgan Securities LLC, and KeyBanc Capital Markets Inc. will act as
joint lead bookrunning managers. Piper Sandler & Co. and
Needham & Company LLC will act as co-managers.
This proposed offering will be made only by means of a
prospectus. Copies of the preliminary prospectus, when available,
may be obtained from: Morgan Stanley & Co. LLC, Attention:
Prospectus Department, 180 Varick Street, 2nd Floor, New York, New
York 10014; Goldman Sachs & Co. LLC, Attention: Prospectus
Department, 200 West Street, New York, New York 10282, telephone:
1-866-471-2526, facsimile: 212-902-9316 or by emailing
prospectus-ny@ny.email.gs.com; J.P. Morgan Securities LLC, c/o
Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood,
New York 11717, collect telephone: 1-212-834-4533, or by emailing
at prospectus-eq_fi@jpmchase.com; or KeyBanc Capital Markets,
Attention: Prospectus Delivery Department, 127 Public Square, 4th
Floor, Cleveland, Ohio 44114, via telephone: 1-800-859-1783.
A registration statement on Form S-1 relating to the proposed
sale of these securities has been filed with the SEC but has not
yet become effective. These securities may not be sold nor may
offers to buy be accepted prior to the time the registration
statement becomes effective. The registration statement can be
accessed through the SEC's website at www.sec.gov. This press
release shall not constitute an offer to sell or the solicitation
of an offer to buy these securities, 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.
About Semrush
Semrush is a leading online visibility management SaaS platform
that enables businesses globally to run search engine optimization,
pay-per-click, content, social media and competitive research
campaigns and get measurable results from online marketing. Semrush
offers insights and solutions for companies to build, manage, and
measure campaigns across various marketing channels. Semrush, with
over 79,000 paying customers, is headquartered in Boston and has
offices in Pennsylvania, Texas, Czech Republic, Cyprus, Poland and
Russia.
Forward-Looking Statements
This press release contains forward-looking statements.
Forward-looking statements include all statements that are not
historical facts. The words “believe,” “may,” “will,” “estimate,”
“continue,” “anticipate,” “intend,” “expect” and similar
expressions are intended to identify forward-looking statements.
These forward-looking statements include any statements regarding
Semrush’s proposed offering. These forward-looking statements are
subject to a number of risks, uncertainties and assumptions,
including those described under “Risk Factors” in Semrush’s
registration statement relating to the offering. Except as required
by law, Semrush has no obligation to update any of these
forward-looking statements to conform these statements to actual
results or revised expectations.
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version on businesswire.com: https://www.businesswire.com/news/home/20211117005551/en/
Media Contacts:
Semrush PR Jana Garanko y.garanko@semrush.com
EM Tom Kiehn kiehn@em-comms.com +1 (646) 384-3361
Semrush Investor Relations: Bob Gujavarty
bobby.gujavarty@semrush.com
Learn more about Semrush by visiting: www.semrush.com
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