Townsquare Media, Inc. Announces Pricing of Initial Public Offering
July 24, 2014
Townsquare Media, Inc. announced today the pricing of its initial public offering of 8,333,333 shares of Class A common stock at a price to the public of $11.00 per share. The Company has granted the underwriters a 30-day option to purchase up to an additional 1,250,000 shares at the initial public offering price less the underwriting discounts and commissions, to cover over-allotments, if any. The Company’s Class A common stock is expected to begin trading on the New York Stock Exchange under the symbol “TSQ” today. The offering is expected to close on July 29, 2014, subject to customary closing conditions.
BofA Merrill Lynch, Jefferies, RBC Capital Markets, Guggenheim Securities and Macquarie Capital are acting as joint bookrunning managers.