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Mariangel Babbel

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May 16, 2018

Pluralsight Announces Pricing of Initial Public Offering

SILICON SLOPES – Pluralsight, Inc. (NASDAQ: PS) today announced the pricing of its initial public offering of 20,700,000 shares of its Class A common stock at a public offering price of $15.00 per share.

The shares are expected to begin trading on The Nasdaq Global Select Market on May 17, 2018, under the symbol "PS," and the offering is expected to close on May 21, 2018, subject to customary closing conditions. Pluralsight has granted the underwriters a 30-day option to purchase up to an additional 3,105,000 shares of Class A common stock to cover over-allotments, if any.

Morgan Stanley & Co. LLC and J.P. Morgan Securities LLC are acting as lead book-running managers for the offering. Barclays Capital Inc. and Merrill Lynch, Pierce, Fenner & Smith Incorporated are acting as book-running managers. First Analysis Securities Corporation, Needham & Company, LLC, Raymond James & Associates, Inc., and SunTrust Robinson Humphrey, Inc. are acting as co-managers.

A registration statement relating to these securities has been filed with, and declared effective by, the U.S. Securities and Exchange Commission (“SEC”). Copies of 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, 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.

This offering is being made only by means of a prospectus. A copy of the final prospectus related to the offering may be obtained from Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, New York 10014; or J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 or by telephone at 866-803-9204 or by email at [email protected]


About Pluralsight

Pluralsight is the leading technology workforce development company that helps companies and teams build better products by developing critical skills, improving processes and gaining insights through data, and providing strategic skills consulting. Trusted by forward-thinking companies of every size in every industry, Pluralsight helps individuals and businesses transform with technology. Pluralsight Skills helps enterprises build technology skills at scale with expert-authored courses on today’s most important technologies, including cloud, artificial intelligence and machine learning, data science, and security, among others. Skills also includes tools to align skill development with business objectives, virtual instructor-led training, hands-on labs, skill assessments and one-of-a-kind analytics. Flow complements Skills by providing engineering teams with actionable data and visibility into workflow patterns to accelerate the delivery of products and services. For more information about Pluralsight (NASDAQ: PS), visit pluralsight.com.


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