ServiceNow (NOW) IPO Price at $18, Above Expected Range
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ServiceNow, Inc. (NYSE: NOW) priced its initial public offering of 11,650,000 shares of its common stock at a price to the public of $18 per share, above the expected $15-$17 range. Shares will open today on the NYSE under the symbol "NOW."
Morgan Stanley & Co. LLC, Citigroup Global Markets, Inc., and Deutsche Bank Securities Inc. are acting as lead book-running managers for the offering. Barclays Capital Inc., Credit Suisse Securities (USA) LLC, and UBS Securities LLC are acting as joint book-running managers for the offering. Pacific Crest Securities LLC and Wells Fargo Securities, LLC are acting as co-managers.
ServiceNow is a leading provider of cloud-based services to automate enterprise IT operations.
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Morgan Stanley & Co. LLC, Citigroup Global Markets, Inc., and Deutsche Bank Securities Inc. are acting as lead book-running managers for the offering. Barclays Capital Inc., Credit Suisse Securities (USA) LLC, and UBS Securities LLC are acting as joint book-running managers for the offering. Pacific Crest Securities LLC and Wells Fargo Securities, LLC are acting as co-managers.
ServiceNow is a leading provider of cloud-based services to automate enterprise IT operations.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
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