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Integral Ad Science Announces Pricing Of Initial Public Offering

Integral Ad Science a global leader in digital media quality,  announced the pricing of its initial public offering of 15,000,000 shares of common stock at a price of $18 per share. The underwriters have a 30-day option to purchase up to an additional 2,250,000 shares of common stock from IAS. The shares of common stock are expected to begin trading on the Nasdaq Stock Market under the ticker symbol “IAS” on June 30, 2021. The offering is expected to close on July 2, 2021, subject to the satisfaction of customary closing conditions.

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The gross proceeds from the offering to IAS, before deducting underwriting discounts, commissions and estimated offering expenses, are expected to be approximately $270.0 million, excluding any exercise of the underwriters’ option to purchase additional shares. IAS intends to use the net proceeds from the offering to repay a portion of IAS’s borrowings under its senior secured credit agreement.

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Morgan Stanley, Jefferies LLC, Barclays Capital Inc., and Evercore ISI, are acting as lead book-running managers for the offering. Wells Fargo Securities, LLC, BMO Capital Markets Corp., Oppenheimer & Co. Inc., Raymond James & Associates, Inc., and Stifel, Nicolaus & Company, Incorporated are acting as joint book-running managers for the offering. Academy Securities, Inc., Blaylock Van, LLC, Penserra Securities LLC, R. Seelaus & Co., LLC, and Siebert Williams Shank & Co., LLC are acting as co-managers for the offering.

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The offering of these securities is being made only by means of a prospectus. Copies of the final prospectus relating to this offering, when available, may be obtained from: Morgan Stanley & Co. LLC, 180 Varick Street, 2nd Floor, New York, NY 10014, Attention: Prospectus Department; Jefferies LLC, Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, 2nd Floor, New York, NY 10022, by telephone at (877) 821-7388, or by e-mail at prospectus_department@jefferies.com; Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by telephone at 1-888-603-5847, or by email at barclaysprospectus@broadridge.com; and Evercore Group L.L.C., Attention: Equity Capital Markets, 55 East 52nd Street, New York, NY 10055, by telephone at (888) 474-0200,

A registration statement relating to these securities has been filed with, and declared effective by, the U.S. Securities and Exchange Commission on June 29, 2021. Copies of the registration statement can be accessed through the Securities and Exchange Commission’s website at www.sec.gov. This press release does not constitute an offer to sell or the solicitation of an offer to buy securities, and shall not constitute an offer, solicitation, or sale in any jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction.

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