Excelerate Energy Announces Pricing of IPO

(Excelerate Energy, 12.Apr.2022) — Excelerate Energy, Inc. announced the pricing of its initial public offering of 16,000,000 shares of its Class A common stock at a price to the public of $24.00 per share. The company also granted the underwriters a 30-day option to purchase up to an additional 2,400,000 shares of Class A 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 on 13 April 2022, under the ticker symbol “EE.” The offering is expected to close on 18 April 2022, subject to customary closing conditions. Excelerate expects to receive net proceeds of approximately $361.9mn, after deducting underwriting discounts and commissions and excluding any exercise of the underwriters’ option to purchase additional shares.

Barclays, J.P. Morgan, and Morgan Stanley are serving as joint lead book-running managers for the offering. Wells Fargo Securities is also acting as a book-running manager. SMBC Nikko, Raymond James, Stephens Inc., Tudor, Pickering, Holt & Co., and BOK Financial Securities, Inc. are acting as co-managers for the offering. A registration statement relating to these securities was declared effective by the U.S. Securities and Exchange Commission on 12 April 2022. The offering is being made only by means of a prospectus, copies of which may be obtained from the following sources:

• Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by telephone at (888) 603-5847, or by email at barclaysprospectus@broadridge.com;
• J.P. Morgan Securities LLC, Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by telephone at (866) 803-9204, or by email at prospectus[1]eq_fi@jpmchase.com; or
• Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014, by email at prospectus@morganstanley.com.

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