REDWOOD CITY, Calif.--(BUSINESS WIRE)--
Model N, Inc. (NYSE: MODN), a provider of revenue management solutions
for the life science and technology industries, today announced that the
underwriters of its initial public offering exercised in full their
option to purchase an additional 1,011,000 shares of common stock from
the company. As a result, the total initial public offering size is
7,751,000 shares of common stock, which consists of 7,011,000 shares of
common stock to be sold by Model N and 740,000 shares of common stock to
be sold by the selling stockholder. All shares sold in the offering are
being sold at a price to the public of $15.50. Model N will not receive
any proceeds from the sale of shares by the selling stockholders.
J.P. Morgan Securities LLC and Deutsche Bank Securities Inc. are acting
as joint bookrunning managers for the offering, and Stifel, Nicolaus &
Company, Incorporated, Pacific Crest Securities LLC, Piper Jaffray & Co.
and Raymond James & Associates, Inc. are acting as co-managers for the
offering.
The offering is being made only by means of a prospectus. A copy of the
final prospectus relating to the offering may be obtained from: J.P.
Morgan Securities LLC, Attention: Broadridge Financial Solutions, 1155
Long Island Avenue, Edgewood, New York 11717, Phone: (866) 803-9204; or
Deutsche Bank Securities Inc., 60 Wall Street, New York, New York 10005,
Attention: Prospectus Department, by calling (800) 503-4611, or by
e-mailing prospectus.cpdg@db.com.
A registration statement relating to these securities has been 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 jurisdiction.

Investor Relations Contact:
ICR for Model N
Greg
Kleiner, 650-610-4998
investorrelations@modeln.com
or
Media
Contact:
Model N
Kristin Lee, 650-610-4717
Marketing
klee@modeln.com
Source: Model N, Inc.