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May 24, 2018 at 8:00 AM EDT

GreenSky, Inc. Announces Pricing of Initial Public Offering

ATLANTA, May 24, 2018 /PRNewswire/ -- GreenSky, Inc. ("GreenSky") today announced the pricing of its initial public offering of 38,000,000 shares of Class A common stock at a price to the public of $23.00 per share. The shares of Class A common stock are expected to begin trading on the NASDAQ Global Select Market on May 24, 2018 under the symbol "GSKY." The offering is expected to close on May 29, 2018, subject to customary closing conditions.

In addition, GreenSky has granted the underwriters a 30-day option to purchase up to 5,700,000 additional shares of Class A common stock at the initial public offering price less underwriting discounts.

GreenSky intends to use the net proceeds that it receives from this offering to purchase the same number of shares of Class A common stock or other equity interests that are exchangeable or convertible into shares of Class A common stock from certain of its investors and current and former employees.

Goldman Sachs & Co. LLC, J.P. Morgan and Morgan Stanley are acting as joint lead book-running managers and as representatives of the underwriters for the offering.  BofA Merrill Lynch, Citigroup, Credit Suisse and SunTrust Robinson Humphrey also are acting as book-running managers for the offering. Raymond James, Sandler O'Neill + Partners, L.P., Fifth Third Securities and Guggenheim Securities are acting as co-managers for the offering.

The offering will be made only by means of a prospectus. Copies of the prospectus related to the offering may be obtained from: Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, NY 10282, via telephone: 1-866-471-2526, or via email: prospectus-ny@ny.email.gs.com; J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or via telephone: 1-866-803­9204; and Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, Second Floor, New York, NY 10014.

A registration statement relating to these securities has been filed with, and declared effective by, the United States Securities and Exchange Commission. 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 an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About GreenSky, Inc.

GreenSky is a leading technology company that powers commerce at the point of sale. GreenSky's platform is powered by a proprietary technology infrastructure that delivers stability, speed, scalability and security and that facilitates merchant sales, while reducing the friction, and improving the economics, associated with a consumer making a purchase and a bank extending financing for that purchase.

 

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SOURCE GreenSky, Inc.

Rebecca Gardy, Senior Vice President, Investor Relations, GreenSky, Inc., (404) 334-7334, rebecca.gardy@greenskycredit.com