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Innerworkings Prices IPO at $9/share

Thursday, August 17, 2006

Press release from the issuing company

Chicago, IL August 15, 2006 - InnerWorkings, Inc., a leading provider of print procurement solutions to corporate clients in the United States, announced today that it has priced its Initial Public Offering of 10,590,000 shares of its common stock at $9.00 per share. InnerWorkings has agreed to sell 7,060,000 shares and selling stockholders have agreed to sell 3,530,000 shares. The shares will be listed on the Nasdaq Global Market under the symbol “INWK” and will begin trading on August 16, 2006. In addition, the underwriters have a 30-day option to purchase up to 1,588,500 additional shares from the selling stockholders at the Initial Public Offering price to cover over-allotments, if any. The managing underwriter and book-running manager of the offering was Morgan Stanley & Co. Incorporated. Jefferies & Company, Piper Jaffray, William Blair & Company and Morgan Joseph served as co-managers. A copy of the prospectus relating to the offering may be obtained by emailing prospectus@morganstanley.com, or by contacting the prospectus department at Morgan Stanley, 1585 Broadway, New York, NY 10036. A registration statement relating to these securities was declared effective by the Securities and Exchange Commission on August 15, 2006. This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, 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.

 

 

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