Coupa Software Announces Pricing of Upsized Follow-on Offering
12 April 2017 - 1:32PM
Coupa Software Incorporated (NASDAQ:COUP), a leader in cloud-based
spend management, today announced the pricing of its upsized
underwritten public offering of 4,407,029 shares of its common
stock at a price to the public of $25.25 per share. A total of
298,564 shares are being offered by Coupa and a total of 4,108,465
shares are being offered by certain selling stockholders. Closing
of the offering is expected to occur on April 18, 2017, subject to
customary closing conditions. Coupa will not receive any proceeds
from the sale of the shares by the selling stockholders. In
addition, Coupa has granted the underwriters a 30-day option to
purchase up to an additional 661,054 shares of common stock from
Coupa at the public offering price less the underwriting discount.
The offering will be made only by means of a
prospectus. Copies of the preliminary prospectus related to the
offering may be obtained, when available, from Morgan Stanley &
Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd
Floor, New York, NY 10014; from J.P. Morgan Securities LLC, c/o
Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood,
NY 11717, or by telephone at 866-803-9204 or by email at
prospectus-eq_fi@jpmchase.com; from Barclays Capital Inc., c/o
Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood,
NY 11717, by telephone at 1-888-603-5847, or by email at
Barclaysprospectus@broadridge.com; or from RBC Capital Markets,
LLC, Attention: Equity Syndicate, 200 Vesey Street, 8th Floor, New
York, NY 10281-8098, or by email to equityprospectus@rbccm.com, or
by telephone at (877) 822-4089.
A registration statement relating to these
securities has been filed with the SEC and was declared effective
on April 11, 2017. 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.
About Coupa Software
Coupa Software is the cloud platform for
business spend. We deliver “Value as a Service” by helping our
customers maximize their spend under management, achieve
significant cost savings and drive profitability. Coupa
provides a unified, cloud-based spend management platform that
connects hundreds of organisations representing the Americas, EMEA,
and APAC with millions of suppliers globally.
Investor Relations:
The Blueshirt Group for Coupa
Cynthia Hiponia or Erin Rheaume
650-485-8603
ir@coupa.com
Media Contact:
Global Public Relations
Orlando De Bruce
650-485-8629
orlando.debruce@coupa.com
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