July 21, 2021
Kaltura, Inc., the video experience cloud that offers live, real-time, and on-demand video products for enterprises of all industries, has announced the pricing of its initial public offering of 15,000,000 shares of its common stock at a price to the public of US$10 per share. All of the shares are being offered by Kaltura. The shares are expected to begin trading on The Nasdaq Global Select Market on July 21, 2021 under the symbol "KLTR" and the offering is expected to close on July 23, 2021, subject to customary closing conditions. In addition, Kaltura has granted the underwriters a 30-day option to purchase up to an additional 2,250,000 shares of common stock at the initial public offering price less underwriting discounts and commissions. The gross proceeds from the offering, before deducting underwriting discounts and commissions and other offering expenses payable by Kaltura, are expected to be approximately US$150 million, excluding any exercise of the underwriters' option to purchase additional shares.
Latham & Watkins LLP represents Kaltura in the offering with a capital markets team led by New York partner Marc Jaffe, London partner Joshua Kiernan, and New York partner Benjamin Cohen, with New York associates Lindsey Mills, Sandy Kugbei, and Hamna Ahmad. Advice was also provided on tax matters by New York partner Elena Romanova, with New York associate Ron Moore; on benefits & compensation matters by New York counsel Rifka Singer, with New York associates Alisa Hand and Jaye Han; on IP matters by New York partner Jeffrey Tochner, with New York associate Max Miroff; and on data privacy & security matters by Bay Area counsel Robert Blamires, with Washington, D.C. associate Jimmy Smith.