UserTesting, Inc., a leading provider of human insight, delivered through a video-first, experience testing platform, has announced the pricing of its initial public offering of 10,000,000 shares of common stock at a public offering price of US$14 per share. All of the shares are being offered and sold by UserTesting. In addition, UserTesting has granted the underwriters a 30-day option to buy an additional 1,500,000 shares of common stock at the initial public offering price, less underwriting discounts, and commissions. The shares are expected to begin trading on the New York Stock Exchange under the ticker symbol “USER” on November 17, 2021, and the offering is expected to close on November 19, 2021, subject to customary closing conditions.
Latham & Watkins LLP represents the underwriters in the offering with a capital markets team led by Bay Area partner Rick Kline and New York partner Adam Gelardi, with Bay Area associates Zuzanna Gruca and Erica Chae. Advice was also provided on data & technology transactions and intellectual property matters by Bay Area partner Michelle Gross, with Bay Area associate Amy Dippolito; on tax matters by Bay Area partner Grace Lee, with Bay Area associate Jake Meninga; on benefits & compensation matters by Bay Area partner Jay Metz; on OFAC matters by Washington, D.C. partner Les Carnegie, with Washington, D.C. associate Allison Hugi; on FCPA matters by Washington, D.C. partner Daniel Dominguez; and on FINRA matters by New York corporate attorney Marta Talarek.
