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Advent Software Inc Announces Pricing Of Secondary Public Offering


Thursday, 8 Aug 2013 09:36am EDT 

Advent Software, Inc. announced that the pricing of the public offering of 7,261,844 shares of its common stock (the Offering) by persons and entities affiliated with SPO Advisory Corp. at a price of $27.00 per share. No shares are being sold by Advent in the Offering, and the selling stockholders will receive all of the proceeds from the Offering. The selling stockholders have granted the underwriters an option to purchase up to an additional 1,089,277 shares. J.P. Morgan Securities LLC and BofA Merrill Lynch are acting as lead joint book-running managers for the Offering, and Jefferies LLC is acting as a book-running manager for the Offering. Sandler O'Neill + Partners, L.P. and Wedbush Securities Inc. are acting as co-managers of the Offering. 

Company Quote

31.53
-0.14 -0.44%
1:00pm EST