Offering conducted by joint bookrunners JPMorgan and Piper Jaffray
By Devika Patel
Knoxville, Tenn., June 25 – Imprivata said it priced a $75 million initial public offering of stock with an $11.25 million greenshoe.
The company will sell 5 million common shares at $15.00 apiece.
J.P. Morgan Securities LLC and Piper Jaffray & Co. are the joint bookrunners.
The provider of authentication and access management solutions for the health care industry is based in Lexington, Mass. The company intends to list its common stock on the New York Stock Exchange under the symbol “IMPR.”
| Issuer: | Imprivata
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| Issue: | Common stock
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| Amount: | $75 million
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| Greenshoe: | $11.25 million
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| Shares: | 5 million
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| Price: | $15.00
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| Warrants: | No
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| Bookrunners: | J.P. Morgan Securities LLC and Piper Jaffray & Co.
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| Co-managers: | William Blair, Wells Fargo Securities LLC and Stephens Inc.
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| Pricing date: | June 25
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| Stock exchange: | NYSE: IMPR
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