May 22, 2013 ChannelAdvisor Announces Pricing of Initial Public Offering
RESEARCH TRIANGLE PARK, N.C.–(BUSINESS WIRE)–May. 22, 2013– ChannelAdvisor Corporation today announced the pricing of its initial public offering of 5,750,000 shares of its common stock at a price of $14.00 per share. The shares are expected to begin trading on the New York Stock Exchange on May 23, 2013 under the ticker “ECOM.” All of the common stock is being offered byChannelAdvisor. In addition, ChannelAdvisor has granted the underwriters a 30-day option to purchase up to 862,500 additional shares of common stock from ChannelAdvisor at the initial public offering price.
Goldman, Sachs & Co. is acting as the lead book-running manager for the offering. Stifel is acting as a book-running manager. Pacific Crest Securities LLC, BMO Capital Markets Corp., Needham & Company, LLC, and Raymond James & Associates, Inc. are acting as co-managers.
A registration statement relating to these securities has been filed with, and 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.
The offering will be made only by means of a prospectus. Copies of the final prospectus, when available, may be obtained by contacting Goldman, Sachs & Co., Attention: Prospectus Department, 200 West Street, New York, NY 10282, by telephone at: (866) 471-2526, or by email to: moc.sg.liame.yn@yn-sutcepsorp; or Stifel, One Montgomery Street, Suite 3700, San Francisco, California94104, by telephone at (415) 364-2720, or by email to: moc.lefits@sutcepsorpdnys.