Deal has $11.82 million greenshoe; company offers 5.75 million shares
By Devika Patel
Knoxville, Tenn., May 17 - Marketo said it priced its $74.75 million initial public offering of stock with an $11.82 million greenshoe. It expects its shares to trade on the Nasdaq under the symbol "MKTO." The deal was announced on April 2.
The company will sell 5.75 million common shares at $13.00 apiece.
Goldman, Sachs & Co. and Credit Suisse Securities (USA) LLC are the lead bookrunning managers.
Proceeds will be used for working capital and other general corporate purposes, including the expansion of the company's sales organization.
Based in San Mateo, Calif., Marketo provides a cloud-based marketing software platform.
| Issuer: | Marketo
|
| Issue: | Common stock
|
| Amount: | $74.75 million
|
| Greenshoe: | $11,816,038
|
| Shares: | 5.75 million
|
| Price: | $13.00
|
| Warrants: | No
|
| Bookrunners: | Goldman, Sachs & Co. and Credit Suisse Securities (USA) LLC
|
| Co-managers: | UBS Securities LLC, Canaccord Genuity Inc., Raymond James & Associates, Inc. and JMP Securities LLC
|
| Announcement date: | April 2
|
| Pricing date: | May 17
|
| Stock symbol: | Nasdaq: MKTO
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
