NEW YORK–(BUSINESS WIRE)–Zeta Global Holdings Corp. (NYSE: ZETA), the AI-Powered Marketing Cloud, announced today the pricing of an underwritten public offering of 13,200,000 shares of its Class A common stock at a public offering price of $23.50 per share, before deducting underwriting discounts and commissions. Zeta is offering 8,720,716 shares and GPI Capital Gemini HoldCo LP is offering 4,479,284 shares. Zeta and the Selling Stockholder have granted the underwriters a 30-day option to purchase up to an additional 1,584,000 and 396,000 shares, respectively, at the public offering price, less underwriting discounts and commissions. The offering is expected to close on September 6, 2024, subject to the satisfaction of customary closing conditions.
The gross proceeds to Zeta from the offering, before deducting underwriting discounts and commissions and estimated offering expenses payable by Zeta, are expected to be $204.9 million. Zeta intends to use the net proceeds for general corporate purposes which may include future acquisitions. Zeta will not receive any of the proceeds from the sale of shares by the Selling Stockholder in the offering.
Morgan Stanley, Goldman Sachs & Co. LLC, BofA Securities, Citigroup, and KKR Capital Markets LLC are acting as joint book-running managers for the Offering. RBC Capital Markets, Truist Securities and KeyBanc Capital Markets are acting as book-runners for the proposed offering. William Blair, Canaccord Genuity, Needham & Company, Roth Capital Partners, Craig-Hallum, and D.A. Davidson & Co. are acting as co-managers for the offering.
This 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 other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.
About Zeta
Zeta Global (NYSE: ZETA) is the AI-Powered Marketing Cloud that leverages advanced artificial intelligence (AI) and trillions of consumer signals to make it easier for marketers to acquire, grow, and retain customers more efficiently. Through the Zeta Marketing Platform (ZMP), our vision is to make sophisticated marketing simple by unifying identity, intelligence, and omnichannel activation into a single platform – powered by one of the industry’s largest proprietary databases and AI. Our enterprise customers across multiple verticals are empowered to personalize experiences with consumers at an individual level across every channel, delivering better results for marketing programs. Zeta was founded in 2007 by David A. Steinberg and John Sculley and is headquartered in New York City with offices around the world.
