LogMeIn (LOGM) Files 3M Common Share Offering; Won't Receive Proceeds on 2.9M Shares
More News related to LOGM
- LogMeIn Announces Pricing of Secondary Offering
- Independent "SMB IT Pulse" Benchmark Survey Shows SMB Workforce Mobility on the Rise
- LogMeIn Rescue Customer Palm Valley Health Care Honored as 'Unsung Hero of Mobility' by Mobile Enterprise Magazine
- The Boston Globe Names LogMeIn, Inc. to Globe 100's Top Places to Work 2009
- LogMeIn (LOGM) Files 3M Common Share Offering; Won't Receive Proceeds on 2.9M Shares
LogMeIn, Inc. (NASDAQ: LOGM) today announced that it has filed a registration statement with the U.S. Securities and Exchange Commission for a proposed offering of 3,000,000 shares of common stock, of which up to 100,000 are expected to be offered by the Company and 2,900,000 are expected to be offered by selling stockholders. In addition, the underwriters will have a 30-day option to purchase up to 450,000 additional shares of common stock from the selling stockholders to cover over-allotments, if any.
LogMeIn will not receive any proceeds from the expected sale of the shares offered by the selling stockholders.
Joint book-running managers on the offering are J.P. Morgan Securities Inc. and Barclays Capital Inc.
Related Categories
Equity OfferingsStocks Mentioned
-1.94Related Entities
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
