CAMBRIDGE, Mass., Feb. 14, 2019 /PRNewswire/ -- HubSpot,
Inc. (NYSE: HUBS) today announced the pricing of an underwritten public offering of its shares of common stock for gross
proceeds of approximately $300 million, before underwriting discounts and other estimated
offering expenses. In addition, HubSpot has granted the underwriters a 30-day option to purchase approximately $45 million of additional shares of common stock. All of the shares in the offering are to be sold by
HubSpot.
Morgan Stanley is acting as lead book-running manager of the offering and BofA Merrill Lynch is acting as co-manager of the
offering. The offering is expected to close on or about February 19, 2019, subject to customary closing conditions.
The shares are being offered by HubSpot pursuant to an automatically effective shelf registration statement that was
previously filed with the Securities and Exchange Commission (SEC). A preliminary prospectus supplement relating to and
describing the terms of the offering was filed with the SEC on February 13, 2019. The final
prospectus supplement relating to the offering will be filed with the SEC and will be available on the SEC's website at www.sec.gov. When available, copies of the final prospectus supplement and the
accompanying prospectus relating to these securities may also be obtained by contacting Morgan Stanley & Co. LLC, Attention:
Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014.
This press release shall not constitute an offer to sell or the 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 the
registration or qualification under the securities laws of such state or jurisdiction.
About HubSpot, Inc.
HubSpot is a leading growth platform. Over 56,500 total customers in over 100 countries use HubSpot's award-winning software,
services, and support to transform the way they attract, engage, and delight customers.
Forward-Looking Statements
This press release includes certain "forward-looking statements" within the meaning of the Private Securities Litigation
Reform Act of 1995, including statements regarding the anticipated final terms, timing and completion of the proposed
offering.
These forward-looking statements include, but are not limited to, plans, objectives, expectations and intentions and other
statements contained in this press release that are not historical facts and statements identified by words such as "expects,"
"anticipates," "intends," "plans," "believes," "seeks," "estimates" or words of similar meaning. These forward-looking
statements reflect our current views about our plans, intentions, expectations, strategies and prospects, which are based on the
information currently available to us and on assumptions we have made. Although we believe that our plans, intentions,
expectations, strategies and prospects as reflected in or suggested by those forward-looking statements are reasonable, we can
give no assurance that the plans, intentions, expectations or strategies will be attained or achieved. Furthermore, actual
results may differ materially from those described in the forward-looking statements and will be affected by a variety of risks
and factors that are beyond our control including, without limitation, risks and uncertainties related to market conditions and
satisfaction of customary closing conditions related to the proposed public offering, our history of losses, our ability to
retain existing customers and add new customers, the continued growth of the market for an inbound platform; our ability to
differentiate our platform from competing products and technologies; our ability to manage our growth effectively to maintain our
high level of service; our ability to maintain and expand relationships with our marketing agency partners; our ability to
successfully acquire and integrate companies and assets; our ability to successfully recruit and retain highly-qualified
personnel; the price volatility of our common stock, and other risks set forth under the caption "Risk Factors" in our Annual
Report on Form 10-K filed on February 12, 2019 and our other SEC filings. We caution you not
to place undue reliance on any forward-looking statements, which speak only as of the date they are made. We assume no obligation
to update any forward-looking statements contained in this document as a result of new information, future events or
otherwise.
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SOURCE HubSpot, Inc.