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ChannelAdvisor Corp Announces Pricing of Initial Public Offering


Wednesday, 22 May 2013 05:54pm EDT 

ChannelAdvisor Corp announced that the pricing of its Initial Public Offering of 5,750,000 shares of its common stock at a price of $14.00 per share. The shares are expected to begin trading on the New York Stock Exchange on May 23, 2013 under the ticker ECOM. All of the common stock is being offered by ChannelAdvisor. In addition, ChannelAdvisor has granted the underwriters a 30-day option to purchase up to 862,500 additional shares of common stock from ChannelAdvisor at the initial public offering price. Goldman, Sachs & Co. is acting as the lead book-running manager for the offering. Stifel is acting as a book-running manager. Pacific Crest Securities LLC, BMO Capital Markets Corp., Needham & Company, LLC, and Raymond James & Associates, Inc. are acting as co-managers. 

Company Quote

16.14
-0.43 -2.60%
4:06pm EDT