Smartsheet Announces Pricing of Initial Public Offering

BELLEVUE, Wash., April 26, 2018 – Smartsheet Inc. (NYSE: SMAR), a leading provider of a cloud-based platform for work execution, today announced the pricing of its initial public offering of 11,633,920 shares of its Class A common stock at a price to the public of $15.00 per share. Smartsheet is offering 10,000,000 shares and certain selling shareholders are offering 1,633,920 shares. In addition, Smartsheet has granted the underwriters a 30-day option to purchase up to an additional 1,745,088 shares of Class A common stock. The shares of Class A common stock are expected to begin trading on the New York Stock Exchange under the symbol “SMAR” on April 27, 2018.

Morgan Stanley & Co. LLC, J.P. Morgan Securities LLC, and Jefferies LLC are acting as lead book-running managers for the offering. RBC Capital Markets LLC is acting as joint bookrunner. Canaccord Genuity LLC, William Blair & Company, L.L.C., and SunTrust Robinson Humphrey, Inc. are acting as co-managers.

The offering is being made only by means of a prospectus. Copies of the final prospectus related to the offering may be obtained, when available, from Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014; or from J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by telephone at 866-803-9204, or by email at prospectus-eq_fi@jpmchase.com; or from Jefferies LLC, Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, 2nd Floor, New York, NY 10022, or by telephone at (877) 821-7388, or by email at Prospectus_Department@Jefferies.com.

A registration statement relating to these securities has been filed with and declared effective by the Securities and Exchange Commission. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, 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.

Contacts:

Investor Contact:
Aaron Turner
investorrelations@smartsheet.com

Media Contact:
Dan Benelisha
dan.benelisha@smartsheet.com