Ellie Mae completes $60.64 million public offering of its common stock

William Blair, JMP assist; $7.91 million greenshoe fully exercised

By Devika Patel

Knoxville, Tenn., July 3 - Ellie Mae, Inc. said it completed a $60.64 million public offering of stock. The offering was announced June 25 and priced for $52.73 million with a $7.91 million greenshoe on June 27.

The company sold 3,566,883 common shares at $17.00 per share. Of the shares, 465,245 were part of the fully exercised greenshoe. The price per share is a 3.9% premium over the $16.36 closing share price on June 26.

William Blair & Co., LLC and JMP Securities LLC were the joint bookrunning managers, and Needham & Co., LLC, Oppenheimer & Co. Inc., D.A. Davidson & Co. and Wunderlich Securities, Inc. were co-managers.

Proceeds will be used for working capital and general corporate purposes.

The Pleasanton, Calif., company hosts an electronic mortgage origination network.

Issuer:	Ellie Mae, Inc.
Issue:	Common stock
Amount:	$60,637,011 (including $7,909,165 greenshoe)
Shares:	3,566,883
Price:	$17.00
Warrants:	No
Bookrunners:	William Blair & Co., LLC and JMP Securities LLC
Co-managers:	Needham & Co., LLC, Oppenheimer & Co. Inc., D.A. Davidson & Co. and Wunderlich Securities, Inc.
Announcement date:	June 25
Pricing date:	June 27
Settlement date:	July 3
Stock symbol:	NYSE: ELLI
Stock price:	$16.36 at close June 26
Market capitalization:	$401.72 million

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