E2open (EOPN) Prices 4.66M Common Offering at $25/Share

January 24, 2014 6:18 AM EST
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E2open, Inc. (Nasdaq: EOPN) announced today the pricing of 4,660,557 shares of its Common Stock at a price of $25.00 per share in its follow-on offering. 2,107,038 shares will be offered by E2open and 2,553,519 shares will be offered by the selling stockholders. In addition, certain of the selling stockholders have granted the underwriters a 30-day option to purchase up to 699,083 additional shares of Common Stock.

E2open intends to use the proceeds that it receives from the offering primarily for general corporate purposes and other operating expenses. In addition, if appropriate opportunities arise in the future to acquire or invest in complementary businesses, product lines, products or technologies, the Company may use a portion of the net proceeds for such acquisition or investment. The Company will not receive any proceeds from the shares being offered by the selling stockholders.

BofA Merrill Lynch and Pacific Crest Securities are serving as joint book-running managers for the offering, with William Blair, Canaccord Genuity and Needham & Company acting as co-managers.

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