Offering sells shares via Stifel Nicolaus, Baird, Canaccord, Needham
By Devika Patel
Knoxville, Tenn., June 28 - Exa Corp. said it priced its $41.67 million initial public offering of stock. It expects the shares to trade on the Nasdaq under the symbol "EXA."
The company will sell 4,166,667 common shares at $10.00 per share.
Settlement is expected July 3.
Stifel Nicolaus Weisel, Baird, Canaccord Genuity and Needham & Co. are the underwriters.
Proceeds will be used for general corporate purposes, including working capital, debt repayment and acquisitions.
Exa is a fabless semiconductor company in Fremont, Calif.
| Issuer: | Exa Corp.
|
| Issue: | Common stock
|
| Amount: | $41,666,670
|
| Shares: | 4,166,667
|
| Price: | $10.00
|
| Warrants: | No
|
| Underwriters: | Stifel Nicolaus Weisel, Baird, Canaccord Genuity and Needham & Co.
|
| Pricing date: | June 28
|
| Settlement date: | July 3
|
| Stock exchange: | Nasdaq: EXA
|
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