Deal sells shares at $9.00 each through lead bookrunner Goldman, Sachs
By Devika Patel
Knoxville, Tenn., April 25 - Envivio, Inc. said it priced its $58.5 million initial public offering of stock. It expects the shares to trade on the Nasdaq under the symbol "ENVI."
The company will sell 6.5 million common shares at $9.00 per share.
Goldman Sachs & Co. is the lead bookrunning manager for the offering. Deutsche Bank Securities and Stifel Nicolaus Weisel are the joint bookrunning managers, and William Blair & Co. is the co-manager.
Based in South San Francisco, Calif., Envivio offers compressed video quality for mobile TV, PC streaming, and standard- and high-definition television deployments. The company's goal is to make the world's video content universally enjoyable by all viewers, on any device, across any network and at any time.
Issuer: | Envivio, Inc.
|
Issue: | Common stock
|
Amount: | $58.5 million
|
Shares: | 6.5 million
|
Price: | $9.00
|
Warrants: | No
|
Bookrunners: | Goldman Sachs & Co. (lead), Deutsche Bank Securities and Stifel Nicolaus Weisel
|
Pricing date: | April 25
|
Stock exchange: | Nasdaq: ENVI
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.