Ellie Mae Announces Pricing of Initial Public Offering
April 14 2011 - 11:20PM
Business Wire
Ellie Mae, Inc. announced today the pricing of its initial
public offering of 7,500,000 shares of its common stock at a public
offering price of $6.00 per share. The common stock will begin
trading on April 15, 2011 on the NYSE Amex under the symbol
ELLI.
Ellie Mae is offering 5,000,000 shares of common stock and
certain selling stockholders are offering 2,500,000 shares of
common stock. In addition, the selling stockholders have granted
the underwriters a 30-day option to purchase up to an additional
1,125,000 shares at the initial public offering price. Ellie Mae
will not receive any proceeds from the sale of shares by the
selling stockholders.
Barclays Capital Inc. is acting as the sole book runner for the
offering. William Blair & Company L.L.C., Piper Jaffray &
Co. and Morgan Keegan & Company are acting as co-managers.
The initial public offering is being made only by means of a
prospectus. Copies of the final prospectus, when available, may be
obtained from Barclays Capital Inc., c/o Broadridge Financial
Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, via
telephone 1-888-603-5847 or by emailing
barclaysprospectus@broadridge.com.
A registration statement relating to these shares of Ellie Mae
common stock filed with the U.S. Securities and Exchange Commission
has been declared effective on April 14, 2011. Copies of the
registration statement can be accessed through the SEC’s website at
www.sec.gov. This press release shall not constitute an offer to
sell or the solicitation of an offer to buy, nor shall there be any
sale of the shares of Ellie Mae’s common stock in any jurisdiction
in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of any
such jurisdiction.
About Ellie Mae
Ellie Mae provides enterprise mortgage origination technology
solutions for mortgage bankers, mortgage brokers, community banks,
credit unions and other mortgage lenders.
Ellie Mae, Inc. (AMEX:ELLI)
Historical Stock Chart
From Jun 2024 to Jul 2024
Ellie Mae, Inc. (AMEX:ELLI)
Historical Stock Chart
From Jul 2023 to Jul 2024