LogMeIn (LOGM) Files 3M Common Share Offering; Won't Receive Proceeds on 2.9M Shares
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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.
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.
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