Offering conducted by joint bookrunners JPMorgan and Piper Jaffray
By Devika Patel
Knoxville, Tenn., June 30 – Imprivata, Inc. said the underwriters for its initial public offering of stock opted to exercise the deal’s $11.25 million greenshoe in full for total proceeds of $86.25 million. The deal priced for $75 million with the greenshoe on June 25.
The company sold 5.75 million common shares at $15.00 apiece. Of the shares, 750,000 were part of the fully exercised greenshoe.
J.P. Morgan Securities LLC and Piper Jaffray & Co. were the joint bookrunners.
The provider of authentication and access management solutions for the health-care industry is based in Lexington, Mass. The company intends to list its common stock on the New York Stock Exchange under the symbol “IMPR.”
| Issuer: | Imprivata, Inc.
|
| Issue: | Common stock
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| Amount: | $86.25 million (including $11.25 million greenshoe)
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| Shares: | 5.75 million
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| Price: | $15.00
|
| Warrants: | No
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| Bookrunners: | J.P. Morgan Securities LLC and Piper Jaffray & Co.
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| Co-managers: | William Blair & Co., LLC, Wells Fargo Securities, LLC and Stephens Inc.
|
| Pricing date: | June 25
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| Settlement date: | June 30
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| Expected listing: | NYSE: IMPR
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