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8x8 Inc Announces Closing of Common Stock Offering and Exercise of Underwriters’ Option to Purchase Additional Shares


Wednesday, 20 Nov 2013 11:38am EST 

8x8 Inc announced the closing of its underwritten registered public offering of an aggregate of 14,375,000 shares of its common stock, including 1,875,000 shares of common stock sold pursuant to the full exercise by the underwriters of their option to purchase additional shares. All of the shares were sold at a price to the public of $9.25 per share. The aggregate net proceeds to the company from this offering are approximately $126 million, after deducting underwriting discounts and commissions and estimated offering expenses. BofA Merrill Lynch, Barclays, and Deutsche Bank Securities were the joint book-running managers for the offering. Needham & Company, Craig-Hallum Capital Group, and Dougherty & Company were the co-managers for the offering. 

Company Quote

9.31
0.12 +1.31%
26 Dec 2014