11.5 million shares sold, including greenshoe of 1.5 million shares
By Devika Patel
Knoxville, Tenn., April 23 - Five9, Inc. said the underwriters for its initial public offering of stock opted to exercise the deal's $10.5 million greenshoe in full for total proceeds of $80.5 million. The deal priced for $70 million with the greenshoe on April 4.
The company sold 11.5 million common shares at $7.00 per share. Of the shares, 1.5 million were part of the fully exercised greenshoe.
The deal was conducted by joint lead bookrunning managers J.P. Morgan and Barclays. BofA Merrill Lynch was 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: | $80.5 million (including $10.5 million greenshoe)
|
| Shares: | 11.5 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
|
| Settlement date: | April 23
|
| Stock exchange: | Nasdaq: FIVN
|
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