Everbridge registers $90 million stock for IPO, secondary offering

IPO will be conducted alongside secondary sale of the company’s stock

By Devika Patel

Knoxville, Tenn., Aug. 19 – Everbridge, Inc. will price its initial public sale of common stock with a 30-day greenshoe, according to an S-1 filed Friday with the Securities and Exchange Commission. The deal will be conducted alongside a secondary offering of stock, and the company has registered up to $90 million of stock for the deals.

Credit Suisse Securities (USA) LLC and BofA Merrill Lynch are the bookrunners. The co-managers are Stifel, Nicolaus & Co., Inc.; Pacific Crest Securities; Raymond James & Associates, Inc.; Canaccord Genuity Inc. and William Blair & Co., LLC are.

Proceeds will be used for working capital and other general corporate purposes, including to repay $6.5 million of debt under the company’s revolving line of credit with Western Alliance Bank.

The software company is based in Burlington, Mass. The company intends to list its common stock on the Nasdaq under the symbol “EVBG.”

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