Semrush Announces Pricing of Public Offering

Semrush Holdings, Inc. , a leading online visibility management SaaS platform, announced the pricing of the public offering of 5,000,000 shares of its Class A common stock, consisting of 4,000,000 shares to be issued and sold by Semrush and 1,000,000 shares to be sold by existing stockholders of Semrush, at a public offering price of $20.50 per share. In addition, Semrush has granted the underwriters a 30-day option to purchase up to an additional 750,000 shares of Class A common stock at the public offering price less the underwriting discount. The offering is expected to close on November 23, 2021 subject to customary closing conditions.

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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. are acting as joint lead bookrunning managers. Piper Sandler & Co. and Needham & Company LLC are acting as co-managers.

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