Semrush Raises $140M From IPO At $14 Per Share

Online visibility management SaaS platform, Semrush Holdings, Inc SEMR, priced 10 million shares at $14 per share in its initial public offering (IPO).
Semrush expects to raise $140 million in gross proceeds from the offering.
Additionally, the underwriters have a 30-day option to purchase additional shares up to 1.5 million shares.
The shares will begin trading on the NYSE under the ticker symbol "SEMR" today.
Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, and Jefferies LLC are the joint lead book-running managers.