SOUTH SAN FRANCISCO, Calif., April 24, 2012 (GLOBE NEWSWIRE) -- Envivio, Inc. today announced the pricing of its initial public offering of 7,755,000 shares of common stock at a price to the public of $9.00 per share. The shares are expected to begin trading on The Nasdaq Global Select Market on April 25, 2012 under the symbol "ENVI." Of the shares of common stock in the offering, Envivio is offering 6,500,000 shares and selling stockholders are offering 1,255,000 shares. In addition, certain selling stockholders have granted the underwriters a 30-day option to purchase up to 1,163,250 additional shares of common stock. Envivio will not receive any proceeds from the sale of shares by the selling stockholders.
Goldman, Sachs & Co. is the lead book-running manager for the offering. Deutsche Bank Securities and Stifel Nicolaus Weisel are acting as joint book-running managers and William Blair & Company is acting as co-manager for the offering.
A registration statement relating to the offering was declared effective by the Securities and Exchange Commission on April 24, 2012. The offering will be made only by means of a prospectus. A copy of the prospectus, when available, may be obtained from: Goldman, Sachs & Co. at 200 West Street, New York, NY 10282, Attention: Prospectus Department, by calling (866) 471-2526 or by emailing prospectus-ny@ny.email.gs.com; Deutsche Bank Securities Inc. at Harborside Financial Center, 100 Plaza One, Jersey City, NJ 07311, Attention: Prospectus Department, by calling (800) 503-4611 or by emailing prospectus.cpdg@db.com; or Stifel, Nicolaus & Company, Incorporated at One Montgomery Street, Suite 3700, San Francisco, California 94104, by calling (415) 364-2720 or by emailing SyndicateOps@stifel.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.
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