Guidewire prices and super-sizes follow-on offering

Guidewire Software, Inc. (NYSE: GWRE) reported it has priced and upsized its follow-on offering.

The size of the offering has been increased from the previously announced 6.5 million shares of common stock to 7,763,732 shares of common stock at a price of USD48.75 per share. In addition, Guidewire has granted the underwriters a 30-day option to purchase up to 1,164,559 additional shares of common stock.

Guidewire intends to use proceeds from the offering for general corporate purposes, including working capital and capital expenditures, and potential acquisitions.

The lead bookrunning managers of the offering are J.P. Morgan Securities LLC and Deutsche Bank Securities. UBS Investment Bank, Stifel and Pacific Crest Securities are acting as co-managers.

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