Company also raises $103.2 million in its IPO at same price per share
By Devika Patel
Knoxville, Tenn., July 22 – Rapid7 Inc. completed a $5 million private placement of stock with Technology Crossover Ventures on July 22, according to an 8-K filed Wednesday with the Securities and Exchange Commission. The company also raised $103.2 million in its initial public offering at the same price per share.
In the placement, the company sold 312,500 common shares at $16.00 apiece. The price per share represents a 30.25% discount to $22.94, the July 22 closing share price.
The deal was conducted alongside a $103.2 million initial public sale of 6.45 million shares at $16.00 per share. The public offering was conducted by bookrunners Morgan Stanley & Co. LLC and Barclays and co-managers Pacific Crest Securities, William Blair & Co., LLC, Raymond James & Associates, Inc. and Cowen and Co., LLC.
The Boston company develops security data and analytics software to assist organizations with IT security.
| Issuer: | Rapid7 Inc.
|
| Issue: | Common shares
|
| Amount: | $5 million
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| Shares: | 312,500
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| Price: | $16.00
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| Warrants: | No
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| Investor: | Technology Crossover Ventures
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| Settlement date: | July 22
|
| Stock symbol: | Nasdaq: RPD
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| Stock price: | $22.94 at close July 21
|
| Market capitalization: | $866.79 million
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