Offering sells 3.75 million common shares at $15.00 per share
By Devika Patel
Knoxville, Tenn., July 26 - E2open, Inc. priced its $56.25 million initial public offering of stock in a prospectus filed Thursday with the Securities and Exchange Commission. It expects the shares to trade on the Nasdaq exchange under the symbol "EOPN."
The company will sell 3.75 million common shares at $15.00 apiece.
Bank of America Merrill Lynch is the bookrunning manager; William Blair & Co., LLC, Pacific Crest Securities, Canaccord Genuity Inc. and Needham & Co., LLC are the co-managers.
Settlement is expected July 31.
Proceeds will be used for general corporate purposes and other operating expenses, including capital expenditures, expenditures relating to the expansion of the company's operations, sales and marketing expenses and general and administrative expenses.
The provider of strategic, cloud-based solutions for collaborative execution across global trading networks is based in Foster City, Calif.
| Issuer: | E2open, Inc.
|
| Issue: | Common stock
|
| Amount: | $56.25 million
|
| Shares: | 3.75 million
|
| Price: | $15.00
|
| Warrants: | No
|
| Bookrunner: | Bank of America Merrill Lynch
|
| Pricing date: | July 25
|
| Settlement date: | July 31
|
| Stock exchange: | Nasdaq: EOPN
|
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