SendGrid Announces Pricing of Follow-on Public Offering

SendGrid, Inc. (NYSE: SEND), a leading digital communication platform, today announced the pricing of its follow-on public offering of 6,534,234 shares of its common stock at a price of $24.00 per share. 600,000 of the shares are being offered by SendGrid and 5,934,234 of the shares are being offered by certain selling stockholders. SendGrid will not receive any proceeds from the sale of the shares by the selling stockholders. The offering is expected to close on April 10, 2018, subject to customary closing conditions. In addition, certain of the selling stockholders have granted the underwriters a 30-day option to purchase up to an aggregate of 980,135 additional shares of common stock at the public offering price.

Morgan Stanley & Co. LLC and J.P. Morgan Securities LLC are acting as joint book-running managers for the proposed offering. William Blair & Company, L.L.C., KeyBanc Capital Markets Inc., Piper Jaffray & Co., Stifel, Nicolaus & Company, Incorporated and Canaccord Genuity LLC are acting as co-managers.

This offering is being made only by means of a prospectus. A copy of the final prospectus, when available, may be obtained from Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, New York 10014 or email at prospectus@morganstanley.com; or J.P. Morgan Securities LLC, Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, telephone: 1-866-803-9204, or email: prospectus-eq_fi@jpmchase.com.

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

About SendGrid:

SendGrid is a leading digital communication platform, enabling businesses to engage with their customers via email reliably, effectively and at scale. A leader in email deliverability, SendGrid has processed over 40 billion emails each month for internet and mobile-based customers as well as more traditional enterprises.

Source: SendGrid, Inc.

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