|[February 26, 2014]
RingCentral Files Registration Statement for Proposed Public Offering
SAN MATEO, Calif. --(Business Wire)--
RingCentral (News - Alert), Inc. (NYSE:RNG), a leading provider of cloud business
communications solutions, today announced
that it has filed a registration statement on Form S-1 with the U.S.
Securities and Exchange Commission relating to the proposed public
offering of shares of its common stock. RingCentral is proposing to
offer 2,000,000 shares and certain selling stockholders are proposing to
offer 4,000,000 shares. In addition, RingCentral is expected to grant
the underwriters a 30-day option to purchase up to 900,000 additional
shares of common stock. RingCentral will not receive any of the proceeds
from the sale of the shares that are proposed to be sold by the selling
Goldman, Sachs & Co., J.P. Morgan Securities LLC and BofA Merrill Lynch
are acting as joint book-running managers for the proposed offering and
Raymond James & Associates, Inc., William Blair & Company, L.L..,
Oppenheimer & Co. Inc., Macquarie Capital (USA) Inc. and Northland
Securities, Inc. are acting as co-managers.
The offering will be made only by means of a prospectus. When available,
a copy of the preliminary prospectus may be obtained from Goldman, Sachs
& Co., Attention: Prospectus Department, 200 West Street, New York, NY
10282, or by telephone at 1-866-471-2526; J.P. Morgan Securities LLC,
c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood,
NY 11717, or by telephone at 1-866-803-9204; or BofA Merrill Lynch, 222
Broadway, New York, NY 10038, Attn: Prospectus Department, or by email
A registration statement relating to these securities has been filed
with the U.S. Securities and Exchange Commission but has not yet become
effective. These securities may not be sold, nor may offers to buy be
accepted, prior to the time the registration statement becomes effective.
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 in which such offer, solicitation or sale would
be unlawful prior to registration or qualification under the securities
laws of any such state or jurisdiction.
RingCentral (NYSE: RNG) is a leading provider of cloud business
communications solutions. Easier to manage and more flexible than
on-premise communications systems, RingCentral's cloud solution meets
the needs of modern distributed and mobile workforces, while eliminating
the expense of on-premise hardware and software. RingCentral is
headquartered in San Mateo, California.
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