Xactly (XTLY) IPO Prices at $8, Well Below Expected Range
Get Alerts XTLY Hot Sheet
Join SI Premium – FREE
Xactly Corporation (NYSE: XTLY) announced today the pricing of its initial public offering of 7,037,500 shares of its common stock at a price to the public of $8.00 per share, below the expected $10-$12 range. The shares are expected to begin trading on the New York Stock Exchange on today, under the symbol “XTLY.
In addition, Xactly has granted the underwriters a 30-day option to purchase up to an additional 1,055,625 shares of common stock to cover over-allotments, if any.
J.P. Morgan Securities LLC and Deutsche Bank Securities Inc. are acting as joint lead book-running managers for the offering with UBS Securities LLC also acting as a book-running manager. Needham & Company, LLC and Oppenheimer & Co. Inc. are acting as co-managers for the offering.
Xactly is a leading provider of enterprise-class, cloud-based, incentive compensation solutions for employee and sales performance management.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- U-BX Technology (UBXG) IPO Opens At $5, Priced at $5
- IMMRSIV (IMSV) Announces 4.14M Share IPO at $4-$5/sh
- Reitar Logtech Holdings (RITR) Announces 2.5M Share IPO at $4-$5/sh
Create E-mail Alert Related Categories
IPOsRelated Entities
Deutsche Bank, UBS, JPMorgan, Needham & Company, IPOSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!