Model N Announces Pricing of IPO Wednesday, March 20, 1:36 PM ET
Model N, a provider of revenue management solutions for the life science and technology industries, today announced the pricing of its IPO 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 and Deutsche Bank are acting as joint bookrunning managers for the offering, and Stifel, Nicolaus & Company, Pacific Crest Securities, Piper Jaffray and Raymond James are acting as co-managers for the offering.
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