|[January 16, 2014]
Cvent Announces Upsize and Pricing of Follow-on Offering
MCLEAN, Va. --(Business Wire)--
Cvent (News - Alert), Inc. (NYSE: CVT), a leading cloud-based enterprise event
management platform, today announced the upsizing and pricing of its
follow-on offering. Due to strong demand, the size of the offering has
been increased from the previously announced 4,800,000 shares of common
stock to 5,280,000 shares of common stock at a price of $35.50 per share.
The offering consists of 4,630,000 shares from certain existing
stockholders and 650,000 shares from Cvent. In addition, the
underwriters have a 30-day option to purchase up to 792,000 additional
shares of common stock from Cvent and the selling stockholders. In
connection with the offering, Cvent, its directors and executive
officers, and all selling stockholders have agreed to lock-up agreements
that will extend the initial public offering lock-up period until 90
days after this follow-on offering.
Morgan Stanley & Co. LLC and Goldman, Sachs & Co. are acting as join
book-running managers for the offering. Pacific Crest Securities LLC,
Stifel, Nicolaus & Company, Incorporated, and Needham & Company, LLC are
acting as co-managers.
A registration statement relating to these securities was filed with,
and declared effective by, the US Securities and Exchange Commission.
This offering is being made only by means of a prospectus forming part
of the effective registration statement. Copies of the final prospectus
related to the offering may be obtained from Morgan Stanley & Co. LLC at
180 Varick Street, 2nd Floor, New York, NY 10014, Attn: Prospectus
Department, or from Goldman, Sachs & Co., Attn: Prospectus Department,
200 West Street, New York, NY 10282, telephone: 866-471-2526, facsimile:
212-902-9316, e-mail: firstname.lastname@example.org.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of these
securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
Cvent, Inc. (NYSE: CVT) is a leading cloud-based enterprise event
management platform. Cvent offers software solutions to event planners
for online event registration, venue selection, event management, mobile
apps for events, e-mail marketing and web surveys. Cvent provides hotels
with a targeted advertising platform designed to reach event planners
looking for suitable venues. Cvent solutions optimize the entire event
management value chain and have enabled clients around the world to
manage hundreds of thousands of meetings and events.
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