SuccessFactors (SFSF) Announces that Underwriters Exercised 1.8M Share Option
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SuccessFactors, Inc. (NASDAQ: SFSF) announced the underwriters of its previously-announced public offering exercised their option to purchase an additional 1,800,000 shares of its common stock in full.
October 20th, SuccessFactors announced a public follow-on offering of 12,000,000 shares of its common stock at $15.50 per share. Taking into account the full exercise of the option to purchase additional shares, total gross proceeds are expected to be approximately $215 million. The offering is expected to close on October 26, 2009.
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