Similarweb (SMWB) has released an update.
Similarweb Ltd., a top player in digital market intelligence, has announced the full exercise of the underwriters’ option, resulting in the sale of an additional 525,000 shares at $7.85 each, leading to roughly $4.1 million in proceeds for a selling shareholder. While the company itself did not gain any proceeds from this transaction, the offering was managed by prominent financial institutions, including Goldman Sachs & Co. LLC and Barclays. Similarweb, known for equipping businesses with critical web and app data, continues to solidify its market position with these recent financial developments.
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