Deal sells common shares at $11.50; $13.8 million greenshoe exercised
By Devika Patel
Knoxville, Tenn., Aug. 7 - Eloqua, Inc. said it settled its $105.8 million initial public offering of stock. The deal priced for $92 million with a $13.8 million greenshoe on Aug. 1.
The company sold 9.2 million common shares at $11.50 per share. Of the shares, 1.2 million were part of the fully exercised greenshoe.
JPMorgan, Deutsche Bank Securities, JMP Securities, Needham & Co. and Pacific Crest Securities were the underwriters.
Proceeds will be used to repay debt under the company's term loan and for working capital and other general corporate purposes.
The Vienna, Va., company provides on-demand revenue performance management software solutions for businesses.
| Issuer: | Eloqua, Inc.
|
| Issue: | Common stock
|
| Amount: | $105.8 million (including $13.8 million greenshoe)
|
| Shares: | 9.2 million
|
| Price: | $11.50
|
| Warrants: | No
|
| Underwriters: | JPMorgan, Deutsche Bank Securities, JMP Securities, Needham & Co. and Pacific Crest Securities
|
| Pricing date: | Aug. 1
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| Settlement date: | Aug. 7
|
| Stock symbol: | Nasdaq: ELOQ
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| Stock price: | $12.89 at close Aug. 2
|
| Market capitalization: | $22.45 million
|
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