Similarweb (SMWB) reported Monday the completion of a secondary public offering of 3.5 million of the company's shares by a certain selling stockholder priced at $7.85 per share for gross proceeds of about $27.5 million.
The selling shareholder has granted a 30-day overallotment option to acquire up to 525,000 additional shares.
The company said it did not receive any proceeds from the offering.
Similarweb shares were down 1% in recent trading.
Price: 8.08, Change: -0.09, Percent Change: -1.04
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