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Cvent Files Registration Statement For Proposed Follow-on Offering

Cvent, Inc. (NYSE:CVT), a leading cloud-based enterprise event management platform, today announced that it has filed a registration statement on Form S-1 with the Securities and Exchange Commission relating to a proposed public offering of 4,800,000 shares of its common stock.

The offering is expected to consist of approximately 4,150,000 shares from certain existing stockholders and 650,000 shares from Cvent. In addition, the underwriters have been granted a 30-day option to purchase up to an additional 720,000 shares from the selling shareholders and Cvent. The primary purpose of the offering is to facilitate an orderly distribution of shares and to increase the company’s public float. The net proceeds of the Cvent portion of the offering will be used to pay for the expenses of this offering, and any remainder for working capital and general corporate purposes, including further expansion of our operations and product development. Cvent will not receive any proceeds from the sale of the shares by the selling stockholders. As part of the underwriting procedures, all selling stockholders, as well as all officers and directors, have agreed to lock-up agreements for a period of 90 days following the offering.

Morgan Stanley & Co. LLC and Goldman, Sachs & Co. will act as joint book-running managers for the offering. Pacific Crest Securities LLC, Stifel, Nicolaus & Company, Incorporated, and Needham & Company, LLC will act as co-managers.

A registration statement relating to these securities has been filed with the Securities and Exchange Commission, but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time that the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, 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.

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