Shares to Trade on NYSE under Ticker Symbol "MODN"
REDWOOD CITY, Calif.--(BUSINESS WIRE)--
Model N, Inc., a provider of revenue management solutions for the life
science and technology industries, today announced the pricing of its
initial public offering of 6,740,000 shares of its common stock,
including 6,000,000 shares from the company and 740,000 shares from a
selling stockholder, at a price to the public of $15.50 per share. The
shares are expected to begin trading on the New York Stock Exchange on
March 20, 2013, under the symbol "MODN." In addition, the company has
granted the underwriters a 30-day option to purchase up to 1,011,000
additional shares of common stock.
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 will be 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.