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FT Partners Advises GreenSky on its $1,010,000,000 IPO

Overview of Transaction

  • On May 23, 2018, GreenSky (Nasdaq: GSKY) priced its IPO at $23 per share, raising approximately $1.01 billion
  • Due to strong demand, the deal priced at the high end of the initial $21 - $23 filing range and the number of shares was increased by 3.9 million, or 11%
  • GreenSky will use the IPO proceeds to purchase Holdco units and Class A common stock from its CEO and other officers as well as early equity investors
  • GreenSky is a leading FinTech company that powers commerce at the point of sale; the Company’s technology platform facilitates merchants sales, while reducing the friction, and improving the economics, associated with a consumer making a purchase and a bank extending financing for that purchase
  • GreenSky has approximately 12,000 active merchants on its platform and the Company has enabled 1.7 million consumers to finance over $12 billion of transactions since its inception through March 31, 2018

Significance of Transaction

  • GreenSky’s IPO is the largest U.S. Technology IPO of 2018 and is also the largest U.S. FinTech IPO in over two years1
  • This transaction further supports FT Partners’ continued success advising leading FinTech growth companies and also highlights the long-term nature of many of the Firm’s advisory relationships

FT Partners' Role

(1) Excludes ADRs and foreign issuers