Amber Road (AMBR) IPO Surges Higher

March 21, 2014 9:54 AM EDT Send to a Friend
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The IPO for Amber Road, Inc., (NYSE: AMBR) opened for trading at $17.50 after pricing 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.

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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