ChannelAdvisor Announces Pricing of Initial Public Offering
RESEARCH TRIANGLE PARK, N.C. -- May 22, 2013
ChannelAdvisor Corporation today announced the pricing of its initial public
offering of 5,750,000 shares of its common stock at a price of $14.00 per
share. The shares are expected to begin trading on the New York Stock Exchange
on May 23, 2013 under the ticker “ECOM.” All of the common stock is being
offered by ChannelAdvisor. In addition, ChannelAdvisor has granted the
underwriters a 30-day option to purchase up to 862,500 additional shares of
common stock from ChannelAdvisor at the initial public offering price.
Goldman, Sachs & Co. is acting as the lead book-running manager for the
offering. Stifel is acting as a book-running manager. Pacific Crest Securities
LLC, BMO Capital Markets Corp., Needham & Company, LLC, and Raymond James &
Associates, Inc. are acting as co-managers.
A registration statement relating to these securities has been filed with, and
declared effective by, the Securities and Exchange Commission. This press
release shall not constitute an offer to sell or the solicitation of an offer
to buy nor shall there be any sale of these securities in any state or
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of any such state
The offering will be made only by means of a prospectus. Copies of the final
prospectus, when available, may be obtained by contacting Goldman, Sachs &
Co., Attention: Prospectus Department, 200 West Street, New York, NY 10282, by
telephone at: (866) 471-2526, or by email to: email@example.com;
or Stifel, One Montgomery Street, Suite 3700, San Francisco, California 94104,
by telephone at (415) 364-2720, or by email to: firstname.lastname@example.org.
ChannelAdvisor is a leading provider of cloud-based e-commerce solutions that
enable retailers and manufacturers to integrate, manage and optimize their
merchandise sales across hundreds of online channels including Amazon, Google,
eBay, Facebook and more. Through automation, analytics and optimization,
ChannelAdvisor customers can leverage a single inventory feed to more
efficiently list and advertise products online, and connect with shoppers to
increase sales. Billions of dollars in merchandise value are driven through
ChannelAdvisor’s platform every year, and thousands of customers use
ChannelAdvisor’s solutions to help grow their businesses.
Kim Paone, 646-277-1216
Garo Toomajanian, 919-228-2003
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