SAN FRANCISCO, Calif. – June 23, 2021 – Doximity, Inc. (“Doximity”) (NYSE: DOCS) today announced the pricing of its initial public offering of 23,300,000 shares of its Class A common stock at a price to the public of $26.00 per share. The offering consists of 19,010,750 shares of Class A common stock being sold by Doximity and 4,289,250 shares of Class A common stock being sold by an existing stockholder. The gross proceeds from the offering to Doximity are expected to be approximately $494.3 million, before deducting underwriting discounts and commissions and other offering expenses payable by Doximity. Doximity will not receive any proceeds from the sale of shares by the selling stockholder. Doximity’s Class A common stock is expected to begin trading on the New York Stock Exchange on June 24, 2021 under the ticker symbol “DOCS.” The offering is expected to close on June 28, 2021, subject to the satisfaction of customary closing conditions. In addition, Doximity has granted the underwriters a 30-day option to purchase up to an additional 3,495,000 shares of Class A common stock at the initial public offering price, less underwriting discounts and commissions.
Morgan Stanley & Co. LLC, Goldman Sachs & Co. LLC, and J.P. Morgan Securities LLC are acting as joint lead book-running managers for the offering. Piper Sandler & Co. and William Blair & Company, L.L.C. are acting as joint book-running managers for the offering. Canaccord Genuity LLC, Needham & Company, LLC, Raymond James & Associates, Inc. and SVB Leerink LLC are acting as co-managers for the offering.
A registration statement relating to these securities was declared effective by the Securities and Exchange Commission on June 23, 2021. The offering is made only by means of a prospectus. Copies of the preliminary prospectus relating to the offering may be obtained from: Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014 or by email at firstname.lastname@example.org; Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, NY 10282, by telephone at (866) 471-2526 or by email at email@example.com; and J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by telephone at (866) 803-9204 or by email at firstname.lastname@example.org.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, 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.