Silver Spring Networks Prices Initial Public Offering

  Silver Spring Networks Prices Initial Public Offering

Business Wire

REDWOOD CITY, Calif. -- March 12, 2013

Silver Spring Networks, Inc. (NYSE: SSNI), a leading networking platform and
solutions provider for smart energy networks, today announced the pricing of
its initial public offering of 4,750,000 shares of common stock at a price to
the public of $17.00 per share. The shares are expected to begin trading on
The New York Stock Exchange on March 13, 2013 under the symbol “SSNI.” All of
the shares being sold in the offering are being sold by Silver Spring
Networks. The underwriters have a 30-day option to purchase up to an
additional 712,500 shares of common stock from Silver Spring Networks at the
initial public offering price.

Goldman, Sachs & Co. and Credit Suisse Securities (USA) LLC are acting as
joint book-running managers for the offering and Piper Jaffray & Co., Stifel,
Nicolaus & Company, Incorporated, Robert W. Baird & Co., Canaccord Genuity
Inc., Evercore Group L.L.C., and Pacific Crest Securities LLC are acting as

A registration statement relating to these securities was declared effective
by the Securities and Exchange Commission on March 12, 2013. This offering is
being made solely by means of a prospectus, copies of which may be obtained
from: Goldman, Sachs & Co., Attention: Prospectus Department, 200 West Street,
New York, NY 10282, telephone: 1-866-471-2526 or by emailing or Credit Suisse Securities (USA) LLC,
Attention: Prospectus Department, One Madison Avenue, New York, New York
10010, telephone: 1-800-221-1037 or by emailing

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 an offer, solicitation or sale would be
unlawful prior to registration or qualification under the securities laws of
any such state or jurisdiction.


Investor Contact
Silver Spring Networks
Tricia Gugler, 650-839-4504
Investor Relations
Media Contact
Silver Spring Networks
Noel Hartzell, 650-839-4184
Global Communications
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