Offering sells 10 million common shares with $10.5 million greenshoe
By Devika Patel
Knoxville, Tenn., April 4 - Five9, Inc. said it priced its $70 million initial public offering of stock with a $10.5 million greenshoe.
The company will sell 10 million common shares at $7.00 per share.
The deal is being conducted by joint lead bookrunning managers J.P. Morgan and Barclays. BofA Merrill Lynch is also a bookrunner.
The provider of cloud software for contact centers is based in San Ramon, Calif. It expects the shares to trade on the Nasdaq under the symbol "FIVN."
| Issuer: | Five9, Inc.
|
| Issue: | Common stock
|
| Amount: | $70 million
|
| Greenshoe: | $10.5 million
|
| Shares: | 10 million
|
| Price: | $7.00
|
| Warrants: | No
|
| Bookrunners: | J.P. Morgan and Barclays (joint leads), BofA Merrill Lynch
|
| Co-managers: | Pacific Crest Securities, Canaccord Genuity and Needham & Co.
|
| Pricing date: | April 4
|
| Stock exchange: | Nasdaq: FIVN
|
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