Goldman, Sachs, Deutsche Bank, Pacific Crest, Needham, Blair to assist
By Devika Patel
Knoxville, Tenn., March 6 – MaxPoint Interactive, Inc. said it priced its $74.75 million initial public offering of stock with an $11.21 million greenshoe. The deal was announced Feb. 3.
The company will sell 6.5 million common shares at $11.50 per share.
Goldman, Sachs & Co., Deutsche Bank Securities Inc. and Pacific Crest Securities LLC are the bookrunners.
Settlement is expected on March 11.
Proceeds will be used for general corporate purposes, including working capital, sales and marketing activities, engineering initiatives, investments in technology and development and capital expenditures.
The Raleigh, N.C., business intelligence and digital marketing consultant assists national brands in driving local, in-store sales. The company intends to list its common stock on the NYSE exchange under the symbol “MXPT.”
| Issuer: | MaxPoint Interactive, Inc.
|
| Issue: | Common stock
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| Amount: | $74.75 million
|
| Greenshoe: | $11,212,500
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| Shares: | 6.5 million
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| Price: | $11.50
|
| Warrants: | No
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| Bookrunners: | Goldman, Sachs & Co., Deutsche Bank Securities Inc. and Pacific Crest Securities LLC
|
| Co-managers: | Needham & Co., LLC and William Blair & Co., LLC
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| Announcement date: | Feb. 3
|
| Pricing date: | March 6
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| Settlement date: | March 11
|
| Stock exchange: | NYSE: MXPT
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