Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Proofpoint Prices IPO At $13/Share, Above Estimated Range

RELATED NEWS
Trade PFPT now with 

Proofpoint Inc. (PFPT: Quote), a pioneering provider of cloud-based security and compliance solutions for enterprise messaging and collaboration, announced the pricing of initial public offering of 6.33 million shares of its common stock at $13.00 per share, above its estimated offering price range.

Of the shares of common stock in the offering, Proofpoint is offering 5.13 million shares of common stock and selling stockholders are offering 1.2 million shares of common stock.

In an amended regulatory filing with the U.S. Securities and Exchange Commission on April 9, the company had expected to price the initial public offering of 6.2 million common shares between $10 and $12 per share.

Sunnyvale, California based company shares are expected to begin trading on The Nasdaq Global Market on April 20, 2012 under the symbol "PFPT."

In addition, Proofpoint and the selling stockholders have granted the underwriters a 30-day option to buy up to 770 thousand additional shares of common stock to cover over-allotments, if any.

Credit Suisse Securities (USA) LLC and Deutsche Bank Securities Inc. are serving as joint book runners for the offering. RBC Capital Markets LLC, Pacific Crest Securities LLC and First Analysis Securities Corp. are acting as co-managers.

Register
To receive FREE breaking news email alerts for Proofpoint, Inc. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Stocks moved notably higher over the course of the trading day on Friday after initially showing a lack of direction. The gains on the day extended the recent upward trend by the markets, with the tech-heavy Nasdaq reaching its best closing level in almost a month. Looking to capitalize on news of an Ebola diagnosis in New York City, Republican Senate candidate Scott Brown issued a statement Friday criticizing his Democratic opponent Sen. Jeanne Shaheen, D-N.H., for "waffling" on a travel ban. In another troubling sign for Democrats, the results of a Gallup poll released on Friday show that Tea Party Republicans are much more motivated to vote in the upcoming midterm elections than other Americans. The poll found that 73 percent of Tea Party Republicans are "extremely" or "very" motivated to vote in this year's elections.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.