RingCentral, Inc. (NYSE:RNG), a leading provider of cloud business
communications solutions, today announced the pricing of its
underwritten public offering of 7,200,000 shares of Class A common
stock, including 2,000,000 shares being sold by the company and
5,200,000 shares being sold by selling stockholders, at a price to the
public of $21.50 per share. In addition, the company has granted the
underwriters a 30-day option to purchase up to 1,080,000 additional
shares of Class A common stock. RingCentral will not receive any of the
proceeds from the sale of the shares being sold by the selling
stockholders.
Goldman, Sachs & Co., J.P. Morgan Securities LLC and BofA Merrill Lynch
are acting as joint book-running managers for the offering, and Raymond
James & Associates, Inc., William Blair & Company, L.L.C., Oppenheimer &
Co., Inc., Macquarie Capital (USA) Inc. and Northland Securities, Inc.
are acting as co-managers.
A registration statement relating to these securities has been filed
with the Securities and Exchange Commission and was declared effective
on March 5, 2014. The offering will be made only by means of a
prospectus. A copy of the final prospectus related to the offering may
be obtained from Goldman, Sachs & Co., Attention: Prospectus Department,
200 West Street, New York, NY 10282, or by telephone at 1-866-471-2526,
or by email at prospectus-ny@gs.com;
J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155
Long Island Avenue, Edgewood, NY 11717, or by telephone at
1-866-803-9204; or BofA Merrill Lynch, 222 Broadway, New York, NY 10038,
Attn: Prospectus Department, or by email at dg.prospectus_requests@baml.com.
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 an offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
About RingCentral
RingCentral (NYSE: RNG) is a leading provider of cloud business
communications solutions. Easier to manage and more flexible than
on-premise communications systems, RingCentral’s cloud solution meets
the needs of modern distributed and mobile workforces, while eliminating
the expense of on-premise hardware and software. RingCentral is
headquartered in San Mateo, California.
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