Company sells 7,836,250 common shares via JPMorgan, Credit Suisse
By Devika Patel
Knoxville, Tenn., Oct. 2 - Qualys, Inc. said the underwriters for its initial public offering of stock elected to exercise the $13.64 million greenshoe in full for total proceeds of $94.04 million. The deal priced Sept. 28.
The company sold 7,836,250 common shares at $12.00 per share. Of the shares, 1,136,250 were part of the fully exercised greenshoe.
The deal was conducted by joint bookrunning managers J.P. Morgan Securities LLC and Credit Suisse Securities (USA) LLC.
Settlement is expected Oct. 3.
Proceeds will be used for capital expenditures, working capital and other general corporate purposes, which may include hiring additional personnel and investing in sales and marketing and research and development.
The Redwood City, Calif., company provides network security auditing and vulnerability management software and services.
| Issuer: | Qualys, Inc.
|
| Issue: | Common stock
|
| Amount: | $94,035,000 (including $13,635,000 greenshoe)
|
| Shares: | 7,836,250
|
| Price: | $12.00
|
| Warrants: | No
|
| Bookrunners: | J.P. Morgan Securities LLC and Credit Suisse Securities (USA) LLC
|
| Co-managers: | RBC Capital Markets, LLC, Pacific Crest Securities LLC, Robert W. Baird & Co. Inc., JMP Securities LLC, Lazard Capital Markets LLC and First Analysis Securities Corp.
|
| Pricing date: | Sept. 28
|
| Settlement date: | Oct. 3
|
| Stock symbol: | Nasdaq: QLYS
|
| Stock price: | $13.95 at close Oct. 1
|
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