Amber Road (AMBR) IPO Prices at $13, Above Expected Range

March 21, 2014 7:23 AM EDT
Amber Road, Inc., (NYSE: AMBR) announced the pricing of its initial public offering of 7,391,565 shares of its common stock at a price to the public of $13.00 per share, above the expected $10.50-$12.50 range. The size of the offering was raised from 6,522,000 shares. The shares are expected to begin trading on The New York Stock Exchange tuday under the ticker symbol "AMBR."

Of the shares in the offering, 4,782,870 shares are being offered by the Company and 2,608,695 shares are being offered by selling stockholders. In addition, certain of the selling stockholders have granted the underwriters a 30-day option to purchase up to 1,108,734 additional shares at the same price to cover over-allotments, if any.

Stifel is serving as sole book-running manager for the offering, Pacific Crest Securities is serving as co-lead manager, and Canaccord Genuity, Needham & Company and Raymond James & Associates are serving as co-managers.

Amber Road provides a single, on-demand platform that automates and streamlines global trade. By helping organizations to comply with country-specific trade regulations, as well as plan, execute and track global shipments, Amber Road enables goods to flow unimpeded across international borders in the most efficient, compliant and profitable way.

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