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Cision Limited has announced a proposed offering of eight million shares by certain selling shareholders.
Cision is not selling any ordinary shares in the offering and will not receive any proceeds from the offering by the selling shareholders.
In addition, the selling shareholders intend to grant the underwriters a 30-day option to purchase up to an additional 1.2 million ordinary shares at the public offering price less the underwriter discount.
J.P. Morgan Securities LLC and Deutsche Bank Securities Incorporation are acting as joint book-running managers of the proposed offering and representatives of the underwriters.
Additional book-running managers are Credit Suisse and RBC Capital Markets.
Barclays, Baird, BMO Capital Markets, SunTrust Robinson Humphrey and CJS Securities are acting as co-managers for the proposed offering.
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