SAN JUAN CAPISTRANO, Calif.--(BUSINESS WIRE)--
Emerald Expositions Events, Inc. ("Emerald Expositions" or the
“Company”) today announced the pricing of its initial public offering of
15,500,000 shares of common stock at a price to the public of $17.00 per
share. Of those shares, the Company is selling 10,333,333 shares and
certain stockholders of the Company affiliated with Onex Corporation are
selling 5,166,667 shares. The selling stockholders have also granted the
underwriters a 30-day option to purchase up to an additional 2,325,000
shares. The Company will not receive proceeds from the sale of shares by
the selling stockholders, including from any exercise by the
underwriters of their option to purchase additional shares. The
Company’s stock is expected to begin trading on the New York Stock
Exchange under the symbol “EEX” on April 28, 2017. The offering is
expected to close on May 3, 2017, subject to customary closing
conditions.
BofA Merrill Lynch, Barclays and Goldman, Sachs & Co. are acting as
joint book-running managers of the offering and representatives of the
underwriters; Citigroup, Credit Suisse, Deutsche Bank Securities, and
RBC Capital Markets are also acting as joint book-running managers; and
Baird is acting as co-manager.
The offering of these securities is being made only by means of a
prospectus. Copies of the prospectus relating to the offering may be
obtained, when available, from: BofA Merrill Lynch, NC1-004-03-43, 200
North College St., Third Floor, Charlotte, North Carolina 28255-0001,
Attention: Prospectus Department, or by email at dg.prospectus_requests@baml.com;
Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long
Island Avenue, Edgewood, NY 11717, by telephone at (888) 603-5847, or by
email: barclaysprospectus@broadridge.com;
or Goldman, Sachs & Co., Prospectus Department, 200 West Street, New
York, NY 10282, by telephone at (866) 471-2526, by facsimile at (212)
902-9316 or by email at prospectus-ny@ny.email.gs.com.
A registration statement relating to these securities was declared
effective by the Securities and Exchange Commission on April 27, 2017.
This news release shall not constitute an offer to sell or a
solicitation of an offer to buy these securities, 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 Emerald Expositions
Emerald Expositions is the largest operator of business-to-business
(“B2B”) trade shows in the United States by net square footage (“NSF”),
with its oldest trade shows dating back over 110 years. Emerald
Expositions currently operates more than 50 trade shows, including 31 of
the top 250 trade shows in the country as ranked by TSNN, as well as
numerous other events. In 2016, Emerald Expositions’ events connected
over 500,000 global attendees and exhibitors and occupied over 6.5
million NSF of exhibition space.
Cautionary Statement Concerning Forward-Looking
Statements
This news release contains certain forward-looking statements regarding
the Company and the initial public offering of the Company’s common
stock. These statements are based on management’s expectations as well
as estimates and assumptions prepared by management that, although they
believe to be reasonable, are inherently uncertain. These statements
involve risks and uncertainties, including, but not limited to,
economic, competitive, governmental and technological factors outside of
the Company’s control that may cause its business, industry, strategy,
financing activities or actual results to differ materially. The Company
undertakes no obligation to update or revise any of the forward looking
statements contained herein, whether as a result of new information,
future events or otherwise.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170427007005/en/
Source: Emerald Expositions Events, Inc.