MeridianLink Raises $260M Via Upsized IPO At $26 Per Share, Trading Begins Today

Cloud-based technology company MeridianLink, Inc (NYSE:MLNK) priced 13.2 million shares at $26 per share in its upsized initial public offering.
The company upsized the offering from the previously announced 12 million shares.
The offering consists of 10 million shares offered by MeridianLink and 3.2 million shares to be sold by certain existing stockholders.
The company had estimated to price the IPO at $24 to $26 per share.
The estimated gross proceeds are $260 million.
Additionally, certain selling stockholders have granted the underwriters a 30-day option to purchase additional shares up to 1.98 million shares.
The shares are likely to begin trading on the NYSE under the ticker symbol "MLNK" today.

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