Deal sells shares at $9.00 each through lead bookrunner Goldman, Sachs
By Devika Patel
Knoxville, Tenn., April 25 - Envivio, Inc. said it priced its $58.5 million initial public offering of stock. It expects the shares to trade on the Nasdaq under the symbol "ENVI."
The company will sell 6.5 million common shares at $9.00 per share.
Goldman Sachs & Co. is the lead bookrunning manager for the offering. Deutsche Bank Securities and Stifel Nicolaus Weisel are the joint bookrunning managers, and William Blair & Co. is the co-manager.
Based in South San Francisco, Calif., Envivio offers compressed video quality for mobile TV, PC streaming, and standard- and high-definition television deployments. The company's goal is to make the world's video content universally enjoyable by all viewers, on any device, across any network and at any time.
| Issuer: | Envivio, Inc.
|
| Issue: | Common stock
|
| Amount: | $58.5 million
|
| Shares: | 6.5 million
|
| Price: | $9.00
|
| Warrants: | No
|
| Bookrunners: | Goldman Sachs & Co. (lead), Deutsche Bank Securities and Stifel Nicolaus Weisel
|
| Pricing date: | April 25
|
| Stock exchange: | Nasdaq: ENVI
|
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