Deal sells common shares at $11.50 apiece with $13.8 million greenshoe
By Devika Patel
Knoxville, Tenn., Aug. 2 - Eloqua, Inc. priced its $80.5 million initial public offering of stock with a $13.8 million greenshoe in a prospectus filed Wednesday with the Securities and Exchange Commission.
The company will sell 7 million common shares at $11.50 per share.
J.P. Morgan, Deutsche Bank Securities, JMP Securities, Needham & Co. and Pacific Crest Securities are the underwriters.
Settlement is expected Aug. 7.
Proceeds will be used to repay debt under the company's term loan and for working capital and other general corporate purposes.
The Vienna, Va., company provides on-demand revenue performance management software solutions for businesses.
| Issuer: | Eloqua, Inc.
|
| Issue: | Common stock
|
| Amount: | $80.5 million
|
| Greenshoe: | $13.8 million
|
| Shares: | 7 million
|
| Price: | $11.50
|
| Warrants: | No
|
| Underwriters: | J.P. Morgan, Deutsche Bank Securities, JMP Securities, Needham & Co. and Pacific Crest Securities
|
| Pricing date: | Aug. 1
|
| Settlement date: | Aug. 7
|
| Stock symbol: | Nasdaq: ELOQ
|
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