Silver Spring Networks Announces the Closing of its Initial Public Offering and Full Exercise of the Underwriters’ Over

  Silver Spring Networks Announces the Closing of its Initial Public Offering
  and Full Exercise of the Underwriters’ Over-Allotment Option

Business Wire

REDWOOD CITY, Calif. -- March 18, 2013

Silver Spring Networks, Inc. (NYSE: SSNI), a leading networking platform and
solutions provider for smart energy networks, today announced the closing of
its previously announced initial public offering of 5,462,500 shares of common
stock at a price to the public of $17.00 per share, which included 712,500
shares of common stock issued upon the exercise in full of the underwriters’
option to purchase additional shares to cover over-allotments. All of the
shares sold in the offering were sold by Silver Spring Networks. The shares
began trading on The New York Stock Exchange on March 13, 2013 under the
symbol “SSNI.”

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

A registration statement relating to these securities was declared effective
by the Securities and Exchange Commission on March 12, 2013. This offering was
made solely by means of a prospectus. A copy of the final prospectus related
to the offering 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, Inc.
Tricia Gugler,  650-839-4504
Investor Relations
Media Contact
Global Communications
Noel Hartzell, 650-839-4184
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