Samsara Inc. announced on Dec. 15 the pricing of its initial public offering of 35 million shares of Class A common stock at a price to the public of $23 per share.This gives the company a valuation of about $11.5 billion.

The shares began trading on the New York Stock Exchange under the ticker symbol "IOT" on December 15.

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, NY10014; Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, NY 10282, by telephone at (866) 471-2526 or by email at prospectus-ny@ny.email.gs.com; 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 prospectus-eq_fi@jpmchase.com; or Allen & Company LLC, Attention: Prospectus Department, 711 Fifth Avenue, New York, NY 10022, by telephone at (212) 339-2220 or by email at allenprospectus@allenco.com. 

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