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Provider: Thomson Reuters Stock Report
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Provider: Ford Investor Services, Inc.
Provider: Zacks Investment Research Inc.

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Model N Inc Boosted IPO Of 6.7 Million Shares Prices Above Expected Range-DJ

Wednesday, 20 Mar 2013 06:45am EDT 

Dow Jones reported that Model N Inc said its offering of 6.7 million shares priced at $15.50 a share. Earlier this month, the Company said its shares would be offered at $12.50 to $14.50, setting up what would be the highest-profile technology IPO so far in 2013. At the time, it had said it would sell 6 million shares and that shareholders would sell 460,000. March 20, 2013 it raised this number, now saying shareholders would sell 740,000. The Company said it plans to use funds raised in its IPO for working capital and general corporate purposes. Shares are expected to begin trading on the New York Stock Exchange on March 20, under the symbol MODN. 

Company Quote

0.25 +2.69%
17 Apr 2014