[April 01, 2014] |
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The Rubicon Project, Inc. Prices Its Initial Public Offering
LOS ANGELES --(Business Wire)--
The Rubicon Project, Inc. (NYSE: RUBI) today announced the pricing of
its initial public offering of 6,770,995 shares of common stock at a
price to the public of $15.00 per share. Rubicon Project is offering
5,416,796 shares of common stock and the selling stockholders named in
the prospectus are offering 1,354,199 shares of common stock. Rubicon
Project will not receive any proceeds from the sale of shares by the
selling stockholders. In addition, Rubicon Project has granted the
underwriters a 30-day option to purchase up to an additional 1,015,649
shares of common stock to cover over-allotments, if any. The shares are
expected to begin trading on April 2, 2014 on The New York Stock
Exchange under the ticker symbol "RUBI." The closing of the offering is
expected to occur on April 7, 2014, subject to the satisfaction of
customary closing conditions.
Morgan Stanley & Co. LLC, Goldman, Sachs & Co and RBC Capital Markets,
LLC are acting as joint book-running managers for the offering. Needham
& Company, LLC, Oppenheimer & Co. Inc., and LUMA Securities LLC are
acting as co-managers for the offering.
The offer is being made only by means of a prospectus. Copies of the
final prospectus may be obtained from: Morgan Stanley & Co. LLC, 180
Varick Street, 2nd Floor, New York, NY 10014, Attention: Prospectus
Department; from Goldman, Sachs & Co., Attention: Prospectus Department,
200 West Street, New York, NY 10282; or from RBC Capital Markets, LLC,
Attention: Prospectus Department, 3 World Financial Center, 200 Vesey
Street, 8th Floor, New York, New York 10281-8098.
A registration statement relating to shares of the common stock of
Rubicon Project was declared effective by the Securities and Exchange
Commission on April 1, 2014. 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 prior to registration
or qualification under the securities laws of any such state or
jurisdiction.
About The Rubicon Project, Inc.
Founded in 2007, Rubicon Project is a technology company automating the
buying and selling of advertising with ten offices including Los
Angeles, New York, San Francisco, Paris, Hamburg, Sydney, London and
Tokyo. Rubicon Project's automated advertising platform is used by
sellers of digital advertising to maximize revenue from advertising,
decrease cost and protect their brands, while accessing a global market
of buyers representing over 100,000 brands since inception of Rubicon
Project.
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