Samsara Announces Pricing of Initial Public Offering

Pricing of its initial public offering of 35,000,000 shares of Class A common stock at a price to the public of $23.00 per share

Samsara Inc., the pioneer of the Connected Operations Cloud, announced the pricing of its initial public offering of 35,000,000 shares of Class A common stock at a price to the public of $23.00 per share.

The shares are expected to begin trading on the New York Stock Exchange under the ticker symbol “IOT” on December 15, 2021, and the offering is expected to close on December 17, 2021, subject to customary closing conditions. In addition, Samsara has granted the underwriters a 30-day option to purchase up to 5,250,000 additional shares of Class A common stock at the initial public offering price less underwriting discounts and commissions.

Morgan Stanley, Goldman Sachs & Co. LLC, J.P. Morgan, and Allen & Company LLC are acting as lead book-running managers for the offering. RBC Capital Markets, Wells Fargo Securities, Evercore ISI, and William Blair are acting as book-running managers for the offering. Cowen, Wolfe | Nomura Alliance, Academy Securities, Loop Capital Markets, R. Seelaus & Co., LLC, Ramirez & Co., Inc., and Siebert Williams Shank are acting as co-managers for the offering.

The offering is being made only by means of a prospectus. Copies of the prospectus related to the offering may be obtained from: Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014; 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 protected]; 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 [email protected]; or Allen & Company LLC, Attention: Prospectus Department, 711 Fifth Avenue, New York, NY 10022, by telephone at (212) 339-2220 or by email at [email protected].

A registration statement relating to the sale of these securities has been filed with, and declared effective by, the Securities and Exchange Commission.

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