WOBURN, Mass., Nov. 6, 2009 (GLOBE NEWSWIRE) -- LogMeIn, Inc. (Nasdaq:LOGM), a
provider of on-demand, remote-connectivity solutions, today announced that it
has filed a registration statement with the U.S. Securities and Exchange
Commission for a proposed offering of 3,000,000 shares of common stock, of which
up to 100,000 are expected to be offered by the Company and 2,900,000 are
expected to be offered by selling stockholders. In addition, the underwriters
will have a 30-day option to purchase up to 450,000 additional shares of common
stock from the selling stockholders to cover over-allotments, if any.
LogMeIn will not receive any proceeds from the expected sale of the shares
offered by the selling stockholders.
Joint book-running managers on the offering are J.P. Morgan Securities Inc. and
Barclays Capital Inc.
When available, a copy of the preliminary prospectus may be obtained from J.P.
Morgan Securities Inc., Attention: Broadridge Financial Solutions at 1155 Long
Island Avenue, Edgewood, New York 11717, or by telephone at 631-254-1735, or
from Barclays Capital Inc., c/o Broadridge, Integrated Distribution Services,
1155 Long Island Ave., Edgewood, NY, 11717, or by calling toll-free (888)
603-5847 or by email at barclaysprospectus@broadridge.com.
A registration statement relating to these securities has been filed with the
SEC, but has not yet become effective. These securities may not be sold nor may
offers to buy be accepted prior to the time the registration statement becomes
effective. 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 in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of any such state.
The LogMeIn, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=6574
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CONTACT: Blueshirt Group
Investors
Erica Abrams
415-217-5864
erica@blueshirtgroup.com
Brinlea Johnson
212-551-1453
brinlea@blueshirtgroup.com
Matthew Hunt
415-489-2194
matt@blueshirtgroup.com
LogMeIn, Inc.
Press
Trip Kucera
781-897-0696
Press@LogMeIn.com
