By MarketNewsVideo Model N, a provider of revenue management solutions for the life science and technology industries, today announced the pricing of its IPO of 6,740,000 shares of its common stock, including 6,000,000 shares from the company and 740,000 shares from a selling stockholder, at a price to the public of $15.50 per
share. The shares are expected to begin trading on the New York Stock Exchange on March 20, 2013, under the symbol “MODN.” In addition, the company has granted the underwriters a 30-day option to purchase up to 1,011,000 additional shares of common stock. …read more
Source: FULL ARTICLE at Forbes Markets
Tag Archives: MODN
Model N Lists IPO on the New York Stock Exchange – Celebrates First Day as a Publicly-Traded Company
By Business Wirevia The Motley Fool
Filed under: Investing
Model N Lists IPO on the New York Stock Exchange – Celebrates First Day as a Publicly-Traded Company
NEW YORK–(BUSINESS WIRE)– Redwood Shores, Calif.-based Model N, Inc., a leading revenue management solutions provider to the life science and technology industries, opened for trading today on the New York Stock Exchange (NYSE) under the ticker symbol “MODN” after its initial public offering. GETCO Securities LLC is the Designated Market Maker for the company’s stock.
Founder, Chairman and CEO Zack Rinat, accompanied by members of Model N’s leadership team, commemorated the company’s first day of trading by ringing the NYSE Opening BellSM and visiting the trading floor to witness the stock opening.
“Becoming a publicly traded company on the NYSE is recognition that Revenue Management software is a proven source of competitive advantage for companies in the life sciences and the technology industries. Furthermore it is a testament to our customers, partners, and employees daring to pioneer a new software category,” said Zack Rinat, Founder, Chairman, and CEO of Model N.
“We are delighted to welcome Model N to the NYSE‘s growing community of technology companies,” said Scott R. Cutler, Executive Vice President, Head of Global Listings, NYSE Euronext. “Model N is a leader in revenue management solutions offering life science and technology companies around the globe a suite of innovative tools and services to support their distinctive business needs. We congratulate Model N on its first day as a publicly-traded company and look forward to sharing a long and fruitful partnership with Model N and its shareholders.”
For more information on NYSE Euronext’s listings business and to learn about trends in the IPO market, please visit the NYSE Euronext IPO Center.
Photo 1
Caption : Model N, Inc. Founder, Chairman and CEO Zack Rinat (center, blue tie), joined by members of the company’s leadership team, rings the NYSE Opening BellSM to celebrate Model N’s IPO and first day of trading on the NYSE.
Photo 2
Caption : Model N, Inc. Founder Chairman and CEO Zack Rinat in the center of the trading crowd (dark blue suit, blue tie) as the company’s stock begins trading on the NYSE.
Model N Announces Pricing of Initial Public Offering
By Business Wirevia The Motley Fool
Filed under: Investing
Model N Announces Pricing of Initial Public Offering
Shares to Trade on NYSE under Ticker Symbol “MODN”
REDWOOD CITY, Calif.–(BUSINESS WIRE)– Model N, Inc., a provider of revenue management solutions for the life science and technology industries, today announced the pricing of its initial public offering of 6,740,000 shares of its common stock, including 6,000,000 shares from the company and 740,000 shares from a selling stockholder, at a price to the public of $15.50 per share. The shares are expected to begin trading on the New York Stock Exchange on March 20, 2013, under the symbol “MODN.” In addition, the company has granted the underwriters a 30-day option to purchase up to 1,011,000 additional shares of common stock.
J.P. Morgan Securities LLC and Deutsche Bank Securities Inc. are acting as joint bookrunning managers for the offering, and Stifel, Nicolaus & Company, Incorporated, Pacific Crest Securities LLC, Piper Jaffray & Co. and Raymond James & Associates, Inc. are acting as co-managers for the offering.
The offering will be made only by means of a prospectus. A copy of the final prospectus relating to the offering may be obtained from: J.P. Morgan Securities LLC, Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, Phone: (866) 803-9204; or Deutsche Bank Securities Inc., 60 Wall Street, New York, New York 10005, Attention: Prospectus Department, by calling (800) 503-4611, or by e-mailing prospectus.cpdg@db.com.
A registration statement relating to these securities has been declared effective by the Securities and Exchange Commission. 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 these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Investor Relations Contact:
ICR for Model N
Greg Kleiner, 650-610-4998
investorrelations@modeln.com
or
Media Contact:
Model N
Kristin Lee, 650-610-4717
Marketing
klee@modeln.com
KEYWORDS: United States North America California
INDUSTRY KEYWORDS:
The article Model N Announces Pricing of Initial Public Offering originally appeared on Fool.com.
Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that <a target=_blank …read more
Source: FULL ARTICLE at DailyFinance