Everbridge to price IPO of 6.25 million shares between $11.00, $13.00

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

By Devika Patel

Knoxville, Tenn., Sept. 13 – Everbridge, Inc. will sell 6.25 million common shares in its initial public offering, and selling stockholders will sell 1.25 million shares at the same price with a 30-day secondary greenshoe of 1,125,000 additional shares, according to an S-1/A filed Friday with the Securities and Exchange Commission. The company had previously registered up to $64.4 million of stock for the deals, which were announced on Aug. 19.

The shares will be sold at a price expected to fall between $11.00 and $13.00 per share.

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.

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 Global Market under the symbol “EVBG.”

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