SendGrid launches follow-on public offering

SendGrid, Inc. (NYSE: SEND), a digital communication platform, has announced it filed a registration statement on Form S-1 with the US Securities and Exchange Commission (SEC) relating to a proposed follow-on public offering of 6,251,000 shares of its common stock, the company said.

The offering is expected to consist of 5,651,000 shares to be offered by certain selling stockholders and 600,000 shares to be offered by SendGrid. In addition, certain of the selling stockholders intend to grant the underwriters a 30-day option to purchase up to an aggregate of 937,650 additional shares of common stock.

Morgan Stanley & Co. LLC and J.P. Morgan Securities LLC will act as joint book-running managers for the proposed offering. William Blair & company, L.L.C., KeyBanc Capital Markets Inc., Piper Jaffray & Co., Stifel, Nicolaus & company, Incorporated and Canaccord Genuity LLC will act as co-managers.

SendGrid is a digital communication platform, enabling businesses to engage with their customers via email reliably, effectively and at scale. A provider of email deliverability, SendGrid has processed over 40 billion emails each month for Internet and mobile-based customers as well as more traditional enterprises.