Goldman, Sachs, J.P. Morgan Securities and BofA Merrill Lynch assist
By Devika Patel
Knoxville, Tenn., Sept. 26 - RingCentral, Inc. said it priced its $96.46 million initial public offering of stock with a $14.63 million greenshoe.
The company will sell 7.42 million common shares at $13.00 per share.
The deal is being conducted by joint bookrunning managers Goldman, Sachs & Co., J.P. Morgan Securities LLC and BofA Merrill Lynch.
The provider of cloud business communications solutions is based in San Mateo, Calif. It expects the shares to trade on the NYSE under the symbol "RNG."
| Issuer: | RingCentral, Inc.
|
| Issue: | Common stock
|
| Amount: | $96.46 million
|
| Greenshoe: | $14,625,000
|
| Shares: | 7.42 million
|
| Price: | $13.00
|
| Warrants: | No
|
| Bookrunners: | Goldman, Sachs & Co., J.P. Morgan Securities LLC and BofA Merrill Lynch
|
| Co-managers: | Allen & Co. LLC and Raymond James & Associates Inc.
|
| Pricing date: | Sept. 26
|
| Stock exchange: | NYSE: RNG
|
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