| | |
PER SHARE
|
| |
TOTAL
|
| ||||||
Public offering price
|
| | | $ | 31.000 | | | | | $ | 310,000,000 | | |
Underwriting discount(1)
|
| | | $ | 1.259 | | | | | $ | 12,590,000 | | |
Proceeds, before expenses, to the selling stockholders
|
| | | $ | 29.741 | | | | | $ | 297,410,000 | | |
| Jefferies | | |
Morgan Stanley
|
| |
BofA Securities
|
|
| Barclays | | |
William Blair
|
| |
Baird
|
| |
Capital One Securities
|
|
| TABLE OF CONTENTS | | | |||||
| | | | | | PAGE | | |
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| | | | | 29 | | | |
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| | | | | 41 | | | |
| | | | | 49 | | | |
| | | | | 51 | | | |
| | | | | 54 | | | |
| | | | | 62 | | | |
| | | | | 62 | | |
| | |
NINE MONTHS ENDED September 30,
|
| |
YEAR ENDED DECEMBER 31,
|
| ||||||||||||||||||||||||
| | |
2021
|
| |
2020
|
| |
2020
|
| |
2019
|
| |
2018
|
| |||||||||||||||
| | |
(in thousands, except share and per share data)
|
| |||||||||||||||||||||||||||
Statement of operations and comprehensive loss data: | | ||||||||||||||||||||||||||||||
Revenues
|
| | | $ | 210,758 | | | | | $ | 178,889 | | | | | $ | 243,530 | | | | | $ | 208,511 | | | | | $ | 163,719 | | |
Cost of revenues
|
| | | | 82,327 | | | | | | 65,860 | | | | | | 100,765 | | | | | | 79,770 | | | | | | 71,043 | | |
Operating expenses: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Sales and marketing
|
| | | | 13,423 | | | | | | 8,773 | | | | | | 19,202 | | | | | | 10,732 | | | | | | 9,416 | | |
Research and development
|
| | | | 13,862 | | | | | | 9,139 | | | | | | 19,644 | | | | | | 11,633 | | | | | | 10,478 | | |
General and administrative
|
| | | | 60,795 | | | | | | 36,125 | | | | | | 88,482 | | | | | | 47,926 | | | | | | 43,393 | | |
Intangible asset amortization
|
| | | | 28,527 | | | | | | 28,056 | | | | | | 37,414 | | | | | | 36,241 | | | | | | 31,625 | | |
Depreciation and amortization expense
|
| | | | 1,687 | | | | | | 1,836 | | | | | | 2,443 | | | | | | 2,596 | | | | | | 2,416 | | |
Total operating expenses
|
| | | | 118,294 | | | | | | 83,929 | | | | | | 167,185 | | | | | | 109,128 | | | | | | 97,328 | | |
(Loss) income from operations
|
| | | | 10,137 | | | | | | 29,100 | | | | | | (24,420) | | | | | | 19,613 | | | | | | (4,652) | | |
Other income (expenses): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Interest expense
|
| | | | (13,549) | | | | | | (19,810) | | | | | | (25,296) | | | | | | (28,004) | | | | | | (27,802) | | |
Miscellaneous, net
|
| | | | 194 | | | | | | 456 | | | | | | (465) | | | | | | (760) | | | | | | (107) | | |
Total other (expenses)
|
| | | | (13,355) | | | | | | (19,354) | | | | | | (25,761) | | | | | | (28,764) | | | | | | (27,909) | | |
(Loss) income before income taxes
|
| | | | (3,218) | | | | | | 9,746 | | | | | | (50,181) | | | | | | (9,151) | | | | | | (32,561) | | |
(Benefit) provision of income taxes
|
| | | | 349 | | | | | | 4,696 | | | | | | (784) | | | | | | (225) | | | | | | 697 | | |
Net (loss) income
|
| | | | (3,567) | | | | | | 5,050 | | | | | | (49,397) | | | | | | (8,926) | | | | | | (33,258) | | |
Other comprehensive (loss) income: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Foreign currency translation adjustment
|
| | | | (4,041) | | | | | | 513 | | | | | | 5,045 | | | | | | 433 | | | | | | (16,721) | | |
Change in fair value of interest rate
swap, net of tax |
| | | | 430 | | | | | | (1,530) | | | | | | (1,135) | | | | | | (4,283) | | | | | | 1,079 | | |
Reclassification of fair value of interest rate swap, net of tax
|
| | | | 2,268 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Total other comprehensive (loss) income
|
| | | | (1,343) | | | | | | (1,017) | | | | | | 3,910 | | | | | | (3,850) | | | | | | (15,642) | | |
Comprehensive (loss) income
|
| | | $ | (4,910) | | | | | $ | 4,033 | | | | | $ | (45,487) | | | | | $ | (12,776) | | | | | $ | (48,900) | | |
|
| | |
NINE MONTHS ENDED
September 30, |
| |
YEAR ENDED DECEMBER 31,
|
| ||||||||||||||||||||||||
| | |
2021
|
| |
2020
|
| |
2020
|
| |
2019
|
| |
2018
|
| |||||||||||||||
Per share data: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net (loss) income per share attributable to common stockholders:
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Basic
|
| | | $ | (0.02) | | | | | $ | 0.04 | | | | | $ | (0.37) | | | | | $ | (0.07) | | | | | $ | (0.25) | | |
Diluted
|
| | | $ | (0.02) | | | | | $ | 0.04 | | | | | $ | (0.37) | | | | | $ | (0.07) | | | | | $ | (0.25) | | |
Weighted average common shares outstanding:
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Basic
|
| | | | 147,894,227 | | | | | | 132,407,786 | | | | | | 133,247,212 | | | | | | 132,407,786 | | | | | | 132,407,786 | | |
Diluted
|
| | | | 147,894,227 | | | | | | 132,407,786 | | | | | | 133,247,212 | | | | | | 132,407,786 | | | | | | 132,407,786 | | |
| | |
NINE MONTHS ENDED
September 30, |
| |
YEAR ENDED DECEMBER 31,
|
| ||||||||||||||||||||||||
| | |
2021
|
| |
2020
|
| |
2020
|
| |
2019
|
| |
2018
|
| |||||||||||||||
| | |
(in thousands)
|
| |||||||||||||||||||||||||||
Cash flow data: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net cash provided by (used in):
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Operating activities
|
| | | $ | 39,557 | | | | | $ | 32,129 | | | | | $ | 44,810 | | | | | $ | 38,025 | | | | | $ | 11,592 | | |
Investing activities
|
| | | | (20,599) | | | | | | (7,209) | | | | | | (8,612) | | | | | | (9,517) | | | | | | (73,905) | | |
Financing activities
|
| | | | 127,035 | | | | | | (24,103) | | | | | | 208,214 | | | | | | (8,489) | | | | | | 57,296 | | |
Cash paid for interest
|
| | | | 10,671 | | | | | | 21,077 | | | | | | 27,607 | | | | | | 26,428 | | | | | | 25,713 | | |
Cash paid for income taxes
|
| | | | 6,744 | | | | | | 6,675 | | | | | | 12,278 | | | | | | 4,109 | | | | | | 3,165 | | |
Non-GAAP Metrics: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Adjusted EBITDA(1)
|
| | | $ | 75,531 | | | | | $ | 65,713 | | | | | $ | 87,877 | | | | | $ | 68,411 | | | | | $ | 44,964 | | |
Adjusted Net Income (Loss)(1)
|
| | | $ | 24,383 | | | | | $ | 9,003 | | | | | $ | 22,037 | | | | | $ | 839 | | | | | $ | (17,586) | | |
Adjusted Diluted Earnings Per Share(1)
|
| | | $ | 0.16 | | | | | $ | 0.06 | | | | | $ | 0.17 | | | | | $ | 0.01 | | | | | $ | (0.14) | | |
| | |
AS OF
September 30, 2021 |
| |
AS OF
DECEMBER 31, 2020 |
| ||||||
| | |
(in thousands)
|
| |||||||||
Balance sheet data: | | | | | | | | | | | | | |
Cash and cash equivalents
|
| | | $ | 416,850 | | | | | $ | 271,382 | | |
Total assets
|
| | | | 1,414,789 | | | | | | 1,269,400 | | |
Total liabilities
|
| | | | 443,469 | | | | | | 447,268 | | |
Total stockholders’ equity
|
| | | | 971,320 | | | | | | 822,132 | | |
| | |
NINE MONTHS ENDED
September 30, |
| |
YEAR ENDED DECEMBER 31,
|
| ||||||||||||||||||||||||
| | |
2021
|
| |
2020
|
| |
2020
|
| |
2019
|
| |
2018
|
| |||||||||||||||
| | |
(in thousands)
|
| |||||||||||||||||||||||||||
Adjusted EBITDA: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net (loss) income(a)
|
| | | $ | (3,567) | | | | | $ | 5,050 | | | | | $ | (49,397) | | | | | $ | (8,926) | | | | | $ | (33,258) | | |
Interest expense(a)
|
| | | | 13,549 | | | | | | 19,810 | | | | | | 25,296 | | | | | | 28,004 | | | | | | 27,802 | | |
Interest income(a)
|
| | | | (255) | | | | | | (36) | | | | | | (44) | | | | | | (9) | | | | | | (9) | | |
(Benefit) provision for income taxes(a)
|
| | | | 349 | | | | | | 4,696 | | | | | | (784) | | | | | | (225) | | | | | | 697 | | |
Depreciation and amortization expense(a)
|
| | | | 1,687 | | | | | | 1,836 | | | | | | 2,443 | | | | | | 2,596 | | | | | | 2,416 | | |
Intangible asset amortization(a)
|
| | | | 30,436 | | | | | | 29,804 | | | | | | 40,310 | | | | | | 38,964 | | | | | | 34,595 | | |
Currency gain (loss) (a)
|
| | | | (189) | | | | | | (190) | | | | | | 715 | | | | | | 431 | | | | | | 23 | | |
Equity-based compensation expense(b)
|
| | | | 20,846 | | | | | | 2,286 | | | | | | 64,507 | | | | | | 1,691 | | | | | | 1,711 | | |
Acquisition-related expenses(c)
|
| | | | 9,713 | | | | | | 1,165 | | | | | | 1,456 | | | | | | 2,471 | | | | | | 6,718 | | |
Integration expense(d)
|
| | | | — | | | | | | 57 | | | | | | 78 | | | | | | 546 | | | | | | 2,822 | | |
Transaction related expenses(e)
|
| | | | 1,776 | | | | | | 487 | | | | | | 1,908 | | | | | | — | | | | | | — | | |
Severance expense(f)
|
| | | | — | | | | | | 361 | | | | | | 557 | | | | | | 2,057 | | | | | | 1,356 | | |
Reorganization expense(g)
|
| | | | — | | | | | | 190 | | | | | | 525 | | | | | | 222 | | | | | | — | | |
First-year Sarbanes-Oxley implementation costs(h)
|
| | | | 469 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Loss on disposal of fixed assets(i)
|
| | | | 304 | | | | | | 9 | | | | | | 19 | | | | | | 113 | | | | | | 91 | | |
Executive recruiting expense(j)
|
| | | | 413 | | | | | | 188 | | | | | | 288 | | | | | | 476 | | | | | | — | | |
Adjusted EBITDA
|
| | | $ | 75,531 | | | | | $ | 65,713 | | | | | $ | 87,877 | | | | | $ | 68,411 | | | | | $ | 44,964 | | |
|
| | |
NINE MONTHS ENDED
September 30, |
| |
YEAR ENDED DECEMBER 31,
|
| ||||||||||||||||||||||||
| | |
2021
|
| |
2020
|
| |
2020
|
| |
2019
|
| |
2018
|
| |||||||||||||||
| | |
(in thousands)
|
| |||||||||||||||||||||||||||
Adjusted Net Income (Loss): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net (loss) income(a)
|
| | | $ | (3,567) | | | | | $ | 5,050 | | | | | $ | (49,397) | | | | | $ | (8,926) | | | | | $ | (33,258) | | |
Currency gain (loss) (a)
|
| | | | (189) | | | | | | (190) | | | | | | 715 | | | | | | 431 | | | | | | 23 | | |
Equity-based compensation expense(b)
|
| | | | 20,846 | | | | | | 2,286 | | | | | | 64,507 | | | | | | 1,691 | | | | | | 1,711 | | |
Acquisition-related expense(c)
|
| | | | 9,713 | | | | | | 1,165 | | | | | | 1,456 | | | | | | 2,471 | | | | | | 6,718 | | |
Integration expense(d)
|
| | | | — | | | | | | 57 | | | | | | 78 | | | | | | 546 | | | | | | 2,822 | | |
Transaction related expenses(e)
|
| | | | 1,776 | | | | | | 487 | | | | | | 1,908 | | | | | | — | | | | | | — | | |
Severance expense(f)
|
| | | | — | | | | | | 361 | | | | | | 557 | | | | | | 2,057 | | | | | | 1,356 | | |
Reorganization expense(g)
|
| | | | — | | | | | | 190 | | | | | | 525 | | | | | | 222 | | | | | | — | | |
First-year Sarbanes-Oxley implementation costs(h)
|
| | | | 469 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Loss on disposal of fixed assets(i)
|
| | | | 304 | | | | | | 9 | | | | | | 19 | | | | | | 113 | | | | | | 91 | | |
Executive recruiting expense(j)
|
| | | | 413 | | | | | | 188 | | | | | | 288 | | | | | | 476 | | | | | | — | | |
Income tax expense impact of adjustments(k)
|
| | | | (5,382) | | | | | | (600) | | | | | | 1,381 | | | | | | 1,758 | | | | | | 2,951 | | |
Adjusted Net Income (Loss)
|
| | | $ | 24,383 | | | | | $ | 9,003 | | | | | $ | 22,037 | | | | | $ | 839 | | | | | $ | (17,586) | | |
|
| | |
NINE MONTHS ENDED
September 30, |
| |
YEAR ENDED DECEMBER 31,
|
| ||||||||||||||||||||||||
| | |
2021
|
| |
2020
|
| |
2020
|
| |
2019
|
| |
2018
|
| |||||||||||||||
| | |
(in thousands)
|
| |||||||||||||||||||||||||||
Adjusted Diluted Earnings Per Share: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Diluted earnings per share(a)
|
| | | $ | (0.02) | | | | | $ | 0.04 | | | | | $ | (0.37) | | | | | $ | (0.07) | | | | | $ | (0.25) | | |
Currency gain (loss)(a)
|
| | | | — | | | | | | — | | | | | | 0.01 | | | | | | — | | | | | | — | | |
Equity-based compensation expense(b)
|
| | | | 0.13 | | | | | | 0.02 | | | | | | 0.48 | | | | | | 0.01 | | | | | | 0.01 | | |
Acquisition-related expense(c)
|
| | | | 0.06 | | | | | | — | | | | | | 0.01 | | | | | | 0.02 | | | | | | 0.05 | | |
Integration expense(d)
|
| | | | — | | | | | | — | | | | | | — | | | | | | 0.01 | | | | | | 0.02 | | |
Transaction related expenses(e)
|
| | | | 0.02 | | | | | | — | | | | | | 0.01 | | | | | | — | | | | | | — | | |
Severance expense(f)
|
| | | | — | | | | | | — | | | | | | 0.01 | | | | | | 0.02 | | | | | | 0.01 | | |
Reorganization expense(g)
|
| | | | — | | | | | | — | | | | | | 0.01 | | | | | | — | | | | | | — | | |
Executive recruiting expense(j)
|
| | | | — | | | | | | — | | | | | | — | | | | | | 0.01 | | | | | | — | | |
Income tax expense impact of adjustments(k)
|
| | | | (0.03) | | | | | | — | | | | | | 0.01 | | | | | | 0.01 | | | | | | 0.02 | | |
Adjusted Diluted Earnings (Loss) Per Share
|
| | | $ | 0.16 | | | | | $ | 0.06 | | | | | $ | 0.17 | | | | | $ | 0.01 | | | | | $ | (0.14) | | |
Diluted weighted average common shares outstanding
|
| | | | 147,894,227 | | | | | | 132,407,786 | | | | | | 133,247,212 | | | | | | 132,407,786 | | | | | | 132,407,786 | | |
Effect of potentially dilutive shares outstanding(l)
|
| | | | 4,584,295 | | | | | | — | | | | | | 229,383 | | | | | | — | | | | | | — | | |
Diluted weighted average common shares outstanding
|
| | | | 152,478,522 | | | | | | 132,407,786 | | | | | | 133,476,595 | | | | | | 132,407,786 | | | | | | 132,407,786 | | |
|
| | |
AS OF
September 30, 2021 |
| |||
| | |
(in thousands)
|
| |||
Cash and cash equivalents
|
| | | $ | 416,850 | | |
Long term debt, including current portion of long-term debt: | | | | | | | |
Credit Agreements:
|
| | | | | | |
Term loans
|
| | | $ | 301,245 | | |
Revolving credit facility
|
| | | | — | | |
Debt issuance costs
|
| | | | (6,042) | | |
Total debt
|
| | | | 295,203 | | |
Stockholders’ Equity: | | | | | | | |
Common stock, $0.01 par value, voting common stock; 600,000,000 shares authorized, 157,353,191 shares issued and outstanding
|
| | | | 1,574 | | |
Additional paid-in capital
|
| | | | 1,038,581 | | |
Accumulated deficit
|
| | | | (65,905) | | |
Accumulated other comprehensive loss
|
| | | | (2,930) | | |
Total stockholders’ equity
|
| | | | 971,320 | | |
Total capitalization
|
| | | $ | 1,266,523 | | |
| | | | | | | |
NAME
|
| |
AGE
|
| |
POSITION
|
| |||
William F. Feehery
|
| | | | 51 | | | | Chief Executive Officer and Director | |
M. Andrew Schemick
|
| | | | 47 | | | | Chief Financial Officer | |
Robert Aspbury
|
| | | | 50 | | | | President, Simcyp | |
Justin Edge
|
| | | | 53 | | | | President, Regulatory and Access | |
Leif E. Pedersen
|
| | | | 57 | | | | President, Software | |
Patrick F. Smith
|
| | | | 51 | | | | President, Integrated Drug Development | |
Richard M. Traynor
|
| | | | 49 | | | | Senior Vice President and General Counsel | |
Jieun W. Choe
|
| | | | 47 | | | | Chief Strategy and Marketing Officer | |
Nicolette D. Sherman
|
| | | | 53 | | | | Chief Human Resources Officer | |
Sherilyn S. McCoy
|
| | | | 63 | | | | Chairman of the Board | |
James E. Cashman III
|
| | | | 68 | | | | Director | |
Eric C. Liu
|
| | | | 45 | | | | Director | |
Stephen M. McLean
|
| | | | 64 | | | | Director | |
Mason P. Slaine
|
| | | | 68 | | | | Director | |
Matthew Walsh
|
| | | | 55 | | | | Director | |
Ethan Waxman
|
| | | | 33 | | | | Director | |
Carol G. Gallagher
|
| | | | 57 | | | | Director | |
Cynthia Collins
|
| | | | 63 | | | | Director | |
Nancy Killefer
|
| | | | 67 | | | | Director | |
| | |
SHARES BENEFICIALLY
OWNED PRIOR TO THE OFFERING |
| |
SHARES BENEFICIALLY
OWNED AFTER THE OFFERING |
| ||||||||||||||||||||||||||||||||||||||||||
| | | | | | | | | | | | | | |
IF UNDERWRITERS’ OPTION
TO PURCHASE ADDITIONAL SHARES IS NOT EXERCISED |
| |
IF UNDERWRITERS’ OPTION
TO PURCHASE ADDITIONAL SHARES IS EXERCISED IN FULL |
| ||||||||||||||||||||||||||||||
NAME OF BENEFICIAL OWNER
|
| |
SHARES
|
| |
PERCENTAGE
|
| |
SHARES
OFFERED HEREBY |
| |
SHARES
|
| |
PERCENTAGE
|
| |
SHARES
OFFERED HEREBY |
| |
SHARES
|
| |
PERCENTAGE
|
| ||||||||||||||||||||||||
5% Stockholders: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
EQT Investor(1)
|
| | | | 45,576,594 | | | | | | 28.5% | | | | | | 8,117,655 | | | | | | 37,458,939 | | | | | | 23.5% | | | | | | 9,335,303 | | | | | | 36,241,291 | | | | | | 22.7% | | |
Mubadala Investor(2)
|
| | | | 9,615,384 | | | | | | 6.0% | | | | | | — | | | | | | 9,615,384 | | | | | | 6.0% | | | | | | — | | | | | | 9,615,384 | | | | | | 6.0% | | |
Directors and Named Executive Officers: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
William F. Feehery(3)
|
| | | | 2,846,476 | | | | | | 1.8% | | | | | | — | | | | | | 2,846,476 | | | | | | 1.8% | | | | | | — | | | | | | 2,846,476 | | | | | | 1.8% | | |
Leif E. Pedersen(4)
|
| | | | 204,895 | | | | | | * | | | | | | — | | | | | | 204,895 | | | | | | * | | | | | | — | | | | | | 204,895 | | | | | | * | | |
M. Andrew Schemick(5)
|
| | | | 528,710 | | | | | | * | | | | | | — | | | | | | 528,710 | | | | | | * | | | | | | — | | | | | | 528,710 | | | | | | * | | |
Sherilyn S. McCoy
|
| | | | 614,084 | | | | | | * | | | | | | — | | | | | | 614,084 | | | | | | * | | | | | | — | | | | | | 614,084 | | | | | | * | | |
James E. Cashman III(6)
|
| | | | 476,723 | | | | | | * | | | | | | — | | | | | | 476,723 | | | | | | * | | | | | | — | | | | | | 476,723 | | | | | | * | | |
Eric C. Liu(7)
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Stephen M. McLean
|
| | | | 22,000 | | | | | | * | | | | | | — | | | | | | 22,000 | | | | | | * | | | | | | — | | | | | | 22,000 | | | | | | * | | |
Mason P. Slaine(8)
|
| | | | 2,111,887 | | | | | | 1.3% | | | | | | 376,149 | | | | | | 1,735,738 | | | | | | 1.1% | | | | | | 432,571 | | | | | | 1,679,316 | | | | | | 1.1% | | |
Matthew Walsh(9)
|
| | | | 172,901 | | | | | | * | | | | | | — | | | | | | 172,901 | | | | | | * | | | | | | — | | | | | | 172,901 | | | | | | * | | |
Ethan Waxman(7)
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Carol G. Gallagher
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Cynthia Collins
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Nancy Killefer
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
All directors and executive officers as a
group (19 persons)(10) |
| | | | 8,264,239 | | | | | | 5.2% | | | | | | 376,149 | | | | | | 7,888,090 | | | | | | 4.9% | | | | | | 432,571 | | | | | | 7,831,668 | | | | | | 4.9% | | |
Other Selling Stockholders: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Santo Holding (Deutschland) GmbH(11)
|
| | | | 3,195,658 | | | | | | 2.0% | | | | | | 569,179 | | | | | | 2,626,479 | | | | | | 1.6% | | | | | | 654,556 | | | | | | 2,541,102 | | | | | | 1.6% | | |
Sampension Private Equity K/S(12)
|
| | | | 1,629,913 | | | | | | 1.0% | | | | | | 290,304 | | | | | | 1,339,609 | | | | | | * | | | | | | 333,850 | | | | | | 1,296,063 | | | | | | * | | |
Kirkbi Invest A/S(13)
|
| | | | 1,629,785 | | | | | | 1.0% | | | | | | 290,281 | | | | | | 1,339,504 | | | | | | * | | | | | | 333,823 | | | | | | 1,295,962 | | | | | | * | | |
Monte Rosa Opportunities, SICAV-SIF(14)
|
| | | | 1,096,749 | | | | | | * | | | | | | 195,342 | | | | | | 901,407 | | | | | | * | | | | | | 224,643 | | | | | | 872,106 | | | | | | * | | |
Howard Hughes Medical Institute(15)
|
| | | | 901,885 | | | | | | * | | | | | | 160,635 | | | | | | 741,250 | | | | | | * | | | | | | 184,730 | | | | | | 717,155 | | | | | | * | | |
Additional selling stockholder (1 person)
|
| | | | 2,556 | | | | | | * | | | | | | 455 | | | | | | 2,101 | | | | | | * | | | | | | 524 | | | | | | 2,032 | | | | | | * | | |
NAME
|
| |
NUMBER OF SHARES
|
| |||
Jefferies LLC
|
| | | | 2,809,871 | | |
Morgan Stanley & Co. LLC
|
| | | | 2,809,868 | | |
BofA Securities, Inc.
|
| | | | 2,809,868 | | |
Barclays Capital Inc.
|
| | | | 571,052 | | |
William Blair & Company, L.L.C.
|
| | | | 571,052 | | |
Robert W. Baird & Co. Incorporated
|
| | | | 285,526 | | |
Capital One Securities, Inc.
|
| | | | 142,763 | | |
Total:
|
| | | | 10,000,000 | | |
|
| | |
PER
SHARE |
| |
TOTAL
|
| ||||||||||||
| | |
NO EXERCISE
|
| |
FULL
EXERCISE |
| ||||||||||||
Public offering price
|
| | | $ | 31.000 | | | | | $ | 310,000,000 | | | | | $ | 356,500,000 | | |
Underwriting discount to be paid by the selling stockholders
|
| | | $ | 1.259 | | | | | $ | 12,590,000 | | | | | $ | 14,478,500 | | |
Proceeds, before expenses, to selling stockholders
|
| | | $ | 29.741 | | | | | $ | 297,410,000 | | | | | $ | 342,021,500 | | |