Wednesday, October 31, 2012
ServiceNow Files For Secondary IPO Offering
San Diego-based ServiceNow is looking to sell $300M in a secondary IPO offering, according to a filing made by the company Wednesday. The firm said it will not receive any proceeds from the sale by the selling stockholders. ServiceNow went public in June, pricing at $18.00 per share; the firm is now trading around $30.65 per share on the NYSE as NOW. The firm's major stockhoders are JMI Equity (44.64% ownership) and Sequoia Capital (19.68%). The secondary is being underwritten by Morgan Stanley, Citigroup, Deutsche Bank Securities, Barclays, Credit Suisse, UBS Investment Bank, Pacific Crest Securities, and Wells Fargo Securities. ServiceNow is a provider of IT automation software.
Get More SocalTech Data
Try our two week free trial to find new tech customers, find high tech startups and jobs, find venture funding, and more!Learn More