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Apigee to price its IPO of 5,115,000 shares between $16.00 and $18.00
Bookrunners Morgan Stanley, JPMorgan and Credit Suisse will assist
By Devika Patel
Knoxville, Tenn., April 23 – Apigee Corp. will sell 5,115,000 common shares in its initial public offering with a greenshoe of 767,250 additional shares, according to a Form S-1/A filed Thursday with the Securities and Exchange Commission. The company has registered up to $86.25 million of stock for the deal, which was announced on March 20.
The shares will be sold at a price expected to fall between $16.00 and $18.00 per share.
Morgan Stanley & Co. LLC, J.P. Morgan Securities LLC and Credit Suisse Securities (USA) LLC are the bookrunning managers. Pacific Crest Securities, JMP Securities LLC and Nomura Securities International Inc. are the co-managers.
Proceeds will be used for general corporate purposes, including working capital, sales and marketing activities, solution and platform development, general and administrative matters and capital expenditures.
The software company is based in San Jose, Calif. The company intends to list its common stock on the Nasdaq under the symbol “APIC.”
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