J.P. Morgan, Deutsche Bank, Barclays are joint bookrunning managers
By Devika Patel
Knoxville, Tenn., Sept. 29 – CyberArk Software Ltd. said the underwriters for its initial public offering of stock opted to exercise the deal’s $12.86 million greenshoe in full for total proceeds of $98.62 million. The deal was announced June 24 and priced for $85.76 million with the greenshoe on Sept. 24.
The company sold 6,164,000 ordinary shares at $16.00 per share. Of the shares, 804,000 were part of the fully exercised greenshoe.
J.P. Morgan Securities LLC and Deutsche Bank Securities Inc. were the joint bookrunning managers and underwriters and Barclays was also a bookrunner.
Proceeds will be used for general corporate purposes, including sales, marketing, research and development.
The IT security provider is based in Petach Tikva, Israel. It intends to list its stock on the Nasdaq under the symbol “CYBR.”
| Issuer: | CyberArk Software Ltd.
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| Issue: | Ordinary stock
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| Amount: | $98,624,000 (including $12,864,000 greenshoe)
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| Shares: | 6,164,000
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| Price: | $16.00
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| Warrants: | No
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| Bookrunners: | J.P. Morgan Securities LLC and Deutsche Bank Securities Inc., Barclays
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| Co-managers: | William Blair & Co., LLC, Nomura Securities International, Inc. and Oppenheimer & Co. Inc.
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| Announcement date: | June 24
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| Pricing date: | Sept. 24
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| Settlement date: | Sept. 29
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| Stock exchange: | Nasdaq: CYBR
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