Upstart Holdings, Inc. (NASDAQ:UPST) announced a follow-on offering of 2,000,000 shares of its common stock, all of which are being offered by the company. In addition, Upstart has granted the underwriters a 30-day option to purchase up to an additional 300,000 shares of common stock.
Upstart intends to use the net proceeds from this offering for general corporate purposes.
Goldman Sachs & Co. LLC, BofA Securities and Citigroup are acting as lead book-running managers for this offering. Jefferies and Barclays are also acting as book-running managers. JMP Securities and Piper Sandler are acting as co-managers for this offering.