Rapid7 Announces Closing of Initial Public Offering

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Rapid7, Inc. (RPD) Enters $5M Common Stock Private Placement

July 22, 2015 4:48 PM EDT

Rapid7, Inc. (NASDAQ: RPD) disclosed the following on Wednesday:

Item 3.02 Unregistered Sales of Equity Securities.

On July 22, 2015, Rapid7, Inc. (the Company) issued and sold to entities affiliated with Technology Crossover Ventures an aggregate of 312,500 shares of common stock, par value $0.01 per share (the Common Stock), at a purchase price of $16.00 per share for aggregate consideration of $5.0 million (the Private Placement). The closing of the Private Placement occurred simultaneously with the closing of the Companys... More