Splunk (SPLK) Lock-Up Restriction with Morgan Stanley Released
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Splunk Inc. (Nasdaq: SPLK), reports that Morgan Stanley & Co. LLC, the lead book-running manager of Splunk's initial public offering in April 2012, is releasing a lock-up restriction with respect to certain shares of Splunk's common stock held by certain officers and directors of Splunk. The release will take effect concurrently with Splunk's recently announced secondary offering.
As previously announced, on June 27, 2012, the company filed a registration statement with the U.S. Securities and Exchange Commission (the "SEC") for a proposed public offering of shares of its common stock, which it amended on July 16, 2012. All of the shares to be sold in the offering will be sold by existing stockholders of the company. Splunk will not receive any proceeds from the sale of the shares. The primary purposes of the offering are to facilitate an orderly distribution of shares and to increase the company's public float.
Morgan Stanley & Co. LLC, Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC and BofA Merrill Lynch will act as joint book-running managers for the offering, and UBS Securities LLC, Pacific Crest Securities LLC and Cowen and Company LLC will act as co-managers.
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As previously announced, on June 27, 2012, the company filed a registration statement with the U.S. Securities and Exchange Commission (the "SEC") for a proposed public offering of shares of its common stock, which it amended on July 16, 2012. All of the shares to be sold in the offering will be sold by existing stockholders of the company. Splunk will not receive any proceeds from the sale of the shares. The primary purposes of the offering are to facilitate an orderly distribution of shares and to increase the company's public float.
Morgan Stanley & Co. LLC, Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC and BofA Merrill Lynch will act as joint book-running managers for the offering, and UBS Securities LLC, Pacific Crest Securities LLC and Cowen and Company LLC will act as co-managers.
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