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Ellie Mae intends to price public sale of common stock with greenshoe
Proceeds to be used for working capital and general corporate purposes
By Devika Patel
Knoxville, Tenn., June 25 - Ellie Mae, Inc. said it plans to price a public sale of stock with a 30-day greenshoe.
The company will sell 3 million common shares with another 465,245 shares allotted for the greenshoe. Ellie Mae's directors and executive officers also plan to offer 101,638 shares in a secondary sale.
William Blair & Co., LLC and JMP Securities LLC are the joint bookrunning managers. Needham & Co., LLC, Oppenheimer & Co. Inc., D.A. Davidson & Co. and Wunderlich Securities, Inc. are the co-managers.
Proceeds will be used for working capital and general corporate purposes.
The Pleasanton, Calif., company hosts an electronic mortgage origination network.
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