Amber Road, Inc. announced the pricing of its initial public offering of 7,391,565 shares of its common stock at a price to the public of $13.00 per share. 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. Amber Road will not receive any proceeds from the sale of shares by the selling stockholders. The shares are expected to begin trading on The New York Stock Exchange on March 21, 2014 under the ticker symbol "AMBR." Closing of the offering is expected to occur on March 26, 2014, subject to customary closing conditions.
For more information, click here to read the press release.
This post was published on March 21, 2014 and updated on March 21, 2014.
