Envestnet, Inc. (NYSE:ENV), a leading provider of unified wealth
management technology and services to investment advisors, announced
today that it has commenced a public offering on behalf of selling
stockholders of 4,800,000 shares of common stock, plus up to 720,000
shares that may be purchased from one of the selling stockholders by the
underwriters to cover the underwriters’ over-allotments, if any. The
Company will not receive any proceeds from the sale of shares by the
selling shareholders.
William Blair and Stifel are acting as joint book-running managers of
the offering and BMO Capital Markets, Sandler O’Neill + Partners, L.P.,
Sterne Agee, Avondale Partners, Barrington Research Associates and
Sidoti & Company, LLC are acting as co-managers.
A registration statement relating to these securities has been filed
with the Securities and Exchange Commission but has not yet become
effective. These securities may not be sold nor may offers to buy be
accepted prior to the time the registration statement becomes effective.
This 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 of these
securities will be made only by means of a prospectus, copies of which
may be obtained from the offices of either: William Blair & Company,
L.L.C., Attention: Prospectus Department, 222 West Adams Street,
Chicago, Illinois 60606, or by calling toll-free 1-800-621-0687 or
Stifel, Nicolaus & Company, Incorporated, One Montgomery Street, Suite
3700, San Francisco, California 94104, Telephone: 415-364-2720.
Electronic copies of the prospectus are available on the Securities and
Exchange Commission's website at www.sec.gov.
About Envestnet, Inc.
Envestnet, Inc. (NYSE:ENV) is a leading provider of unified wealth
management technology and services to investment advisors. Its
open-architecture platforms unify and fortify the wealth management
process, delivering unparalleled flexibility, accuracy, performance and
value. Envestnet solutions enable the transformation of wealth
management into a transparent, independent, objective and fully-aligned
standard of care, and empower advisors to deliver better results.
Envestnet's Advisor Suite® software empowers financial advisors to
better manage client outcomes and strengthen their practice. Envestnet
provides institutional-quality research and advanced portfolio solutions
through its Portfolio Management Consultants group, Envestnet | PMC®.
Envestnet | Tamarac provides leading rebalancing, reporting and practice
management software.
For more information on Envestnet, please visit www.envestnet.com.
Information is current only as of the date(s) indicated on the
materials. We do not have any current intention, and expressly disclaim
any obligation, to supplement, update or revise any of the information
in these documents. The information contained in these documents should
be considered accurate only as of the date of the relevant document.
This information may change over time; therefore, visitors to this web
site should not assume that the information contained in these documents
remains accurate at a later time. Envestnet, Inc.'s press releases,
presentations and printed remarks are included on this website for
historical purposes only.
Except for historical information and discussions, statements set
forth throughout this web site may constitute forward-looking statements
within the meaning of the Private Securities Litigation Reform Act of
1995 or other applicable laws. These statements involve a number of
risks, uncertainties, and other factors that could cause actual results
to differ materially, as discussed in the company's filings with the
U.S. Securities and Exchange Commission. Envestnet, Inc.'s financial
performance is subject to risks and uncertainties, some of which are
discussed in forward-looking statements contained in its reports filed
with the U.S. Securities and Exchange Commission. Actual results may
differ materially from those described in the forward-looking
statements. The stock data above is presented for informational purposes
only and is not intended for trading purposes. Stock information may be
delayed and reflects stock splits. Historical investment performance is
not an indication of future performance. The information provided on the
Investor Relations pages is hosted by a third party. Envestnet, Inc.
does not control and is not responsible for any third party content and
makes no representations as to the timeliness or accuracy of such
content.
Copyright Business Wire 2013