|[January 23, 2014]
E2open Announces Pricing of Follow-on Public Offering of Common Stock
FOSTER CITY, Calif. --(Business Wire)--
E2open, Inc. (NASDAQ:EOPN), a leading provider of cloud-based solutions
for collaborative planning and execution across global trading networks,
announced today the pricing of 4,660,557 shares of its Common Stock at a
price of $25.00 per share in its follow-on offering. 2,107,038 shares
will be offered by E2open and 2,553,519 shares will be offered by the
selling stockholders. In addition, certain of the selling stockholders
have granted the underwriters a 30-day option to purchase up to 699,083
additional shares of Common Stock.
E2open intends to use the proceeds that it receives from the offering
primarily for general corporate purposes and other operating expenses.
In addition, if appropriate opportunities arise in the future to acquire
or invest in complementary businesses, product lnes, products or
technologies, the Company may use a portion of the net proceeds for such
acquisition or investment. The Company will not receive any proceeds
from the shares being offered by the selling stockholders.
BofA Merrill Lynch and Pacific Crest Securities are serving as joint
book-running managers for the offering, with William Blair, Canaccord
Genuity and Needham & Company acting as co-managers.
A registration statement on Form S-3 relating 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 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
The offering will be made only by means of a prospectus. A copy of the
final prospectus related to the offering may be obtained from BofA
Merrill Lynch, 222 Broadway, 7th Floor, New York, NY 10038, Attn:
Prospectus Department or by emailing firstname.lastname@example.org;
or from Pacific Crest Securities, 111 SW Fifth Avenue, 42nd
Floor, Portland, Oregon 97204 Attn: Prospectus Department or by emailing email@example.com.
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