Amber Road Announces Pricing of Initial Public Offering
EAST RUTHERFORD, NJ - March 20, 2014 (NYSE: AMBR) -- Amber Road, Inc., a leading provider of global trade management (GTM) solutions, today announced the pricing of its initial public offering of 7,391,565 shares of its common stock at a price to the public of $13.00 per share. Of the shares in the offering, 4,782,870 shares are being offered by the Company and 2,608,695 shares are being offered by selling stockholders. In addition, certain of the selling stockholders have granted the underwriters a 30-day option to purchase up to 1,108,734 additional shares at the same price to cover over-allotments, if any. Amber Road will not receive any proceeds from the sale of shares by the selling stockholders. The shares are expected to begin trading on The New York Stock Exchange on March 21, 2014 under the ticker symbol "AMBR." Closing of the offering is expected to occur on March 26, 2014, subject to customary closing conditions.
Stifel is serving as sole book-running manager for the offering, Pacific Crest Securities is serving as co-lead manager, and Canaccord Genuity, Needham & Company and Raymond James & Associates are serving as co-managers.
A registration statement related to these securities has been filed with, and declared effective by, the Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor may there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful. Copies of the prospectus for the offering, when available, may be obtained from Stifel, Nicolaus & Company, Incorporated, Attention: Prospectus Dept., One Montgomery Street, Suite 3700, San Francisco, California 94104, by telephone at (415) 364-2720 or by email at email@example.com.
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