ON24 Announces Launch of Initial Public Offering

SAN FRANCISCO, January [25], 2021 – ON24, Inc. today announced that it has launched the roadshow for its proposed initial public offering of common stock.

ON24 is offering 6,315,789 shares of common stock and certain selling stockholders are offering 2,285,188 shares of common stock in the offering. The Company also intends to grant the underwriters a 30-day option to purchase up to 1,290,146 additional shares of common stock. The initial public offering price is currently expected to be between $45.00 and $50.00 per share. ON24 will not receive any proceeds from the sale of the shares by the selling stockholders. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering. ON24 has applied to list its common stock on the New York Stock Exchange under the ticker symbol “ONTF.”

Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and KeyBanc Capital Markets are acting as lead book-running managers for the proposed offering. Baird, Canaccord Genuity, Needham & Company, Piper Sandler and William Blair are acting as co-managers for the proposed offering.

The proposed offering will be made only by means of a prospectus. Copies of the preliminary prospectus relating to the offering may be obtained from: Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, NY 10282, by telephone at 1-866-471-2526, or by e-mail at prospectus-ny@ny.email.gs.com; or J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, telephone: 1-866-803-9204, or by emailing prospectus-eq_fi@jpmchase.com; or KeyBanc Capital Markets, Attn: Prospectus Delivery Department, 127 Public Square, 4th Floor, Cleveland, Ohio 44114, via telephone: 1-800-859-1783.

A registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted prior to the time the registration statement becomes effective. 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.

About ON24

ON24 provides a leading, cloud-based Platform that enables businesses to convert customer engagement into revenue through interactive webinar experiences, virtual event experiences and multimedia content experiences. The ON24 platform’s portfolio of interactive, personalized and content-rich digital experience products creates and captures actionable, real-time data at scale from millions of professionals every month to provide businesses with buying signals and behavioral insights to efficiently convert prospects into customers.

Press Contact: press@ON24.com