Coupa Software (COUP) Prices 7.4M Common Stock IPO at $18/Share; at High-End of Expected Range

October 6, 2016 5:46 AM EDT

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Coupa Software Incorporated (Nasdaq: ) announced the pricing of its initial public offering of 7,400,000 shares of its common stock at a price to the public of $18.00 per share. The shares are expected to begin trading on the NASDAQ Global Market on October 6, 2016 under the ticker symbol “COUP.” The offering is expected to close on October 11, 2015, subject to customary closing conditions.

Note: The company was recently looking for a pricing range of $16 - $18 per share.

Coupa has granted the underwriters a 30-day option to purchase up to 1,110,000 additional shares to cover over-allotments, if any.

The offering is being made only by means of a prospectus. Copies of the final prospectus related to the offering may be obtained from Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014; from J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by telephone at 866-803-9204; from Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by telephone at 1-888-603-5847, or by email at; or from RBC Capital Markets, LLC, Attention: Equity Syndicate, 200 Vesey Street, 8th Floor, New York, NY 10281-8098, or by email to, or by telephone at (877) 822-4089.

A registration statement relating to these securities was filed with, and declared effective by, the U.S. Securities and Exchange Commission on October 5, 2016. 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.

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