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Switch, Inc. Announces Closing Of Initial Public Offering

LAS VEGAS, Oct. 12, 2017 /PRNewswire/ -- Switch, Inc. ("Switch") (SWCH) announced today the closing of its initial public offering yesterday of 35,937,500 shares of its Class A common stock, including 4,687,500 shares offered and sold pursuant to an option granted to the underwriters, at a public offering price of $17.00 per share. All of the shares of Class A common stock were offered by Switch. The shares began trading on the New York Stock Exchange on October 6, 2017 under the ticker symbol "SWCH."

Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, BMO Capital Markets Corp. and Wells Fargo Securities, LLC served as lead bookrunners and as representatives of the underwriters for the offering.  Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC and Jefferies LLC served as bookrunners for the offering.  BTIG, LLC, Raymond James & Associates, Inc., Stifel, Nicolaus & Company, Inc. and William Blair & Company, L.L.C. served as co-managers for the offering.

A registration statement relating to these securities was declared effective by the U.S. 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.

The offering was made only by means of a prospectus. A copy of the final prospectus relating to this offering may be obtained from any of the following sources:

  • Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, NY 10282, or by telephone at (866) 471-2526, or by email at prospectus-ny@ny.email.gs.com;
  • J.P. Morgan Securities LLC, Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by telephone at (866) 803-9204, or by email at prospectus-eq_fi@jpmchase.com;
  • BMO Capital Markets Corp., Attention: Equity Syndicate Department, 3 Times Square, 25th Floor, New York, NY 10036, or by telephone at (800) 414-3627, or by email at bmoprospectus@bmo.com; or
  • Wells Fargo Securities, LLC, Attention: Equity Syndicate Department, 375 Park Avenue, NY 10152, or by email at cmclientsupport@wellsfargo.com, or by telephone at (800) 326-5897.

About Switch

Switch is a technology infrastructure company powering the sustainable growth of the connected world and the Internet of Everything. Switch's mission is to enable the advancement of humanity by creating smart, resilient and sustainable infrastructure solutions that support the most innovative technology ecosystems. Switch focuses on the design, construction and operation of some of the world's most reliable, secure, resilient and sustainable data centers. Switch's advanced data centers are the center of its platform and provide power densities that exceed industry averages with efficient cooling, while being powered by 100% renewable energy.

Investor Relations:
Cynthia Hiponia or Lauren Sloane
The Blueshirt Group for Switch
(702) 479-3993


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