Demandware, Inc. (NYSE: DWRE) said it has priced an underwritten registered public offering of 3,310,098 shares of its common stock at a price of USD57.00 per share before underwriting discounts.
Demandware is selling 2,500,000 shares of common stock in this offering, and certain existing stockholders are selling 810,098 shares of common stock in this offering. In addition, the underwriters have a 30-day option to purchase from Demandware up to 496,515 additional shares of common stock at the public offering price, less the underwriting discount.
Demandware officials said they intend to use proceeds for general corporate purposes, including working capital and capital expenditures. Demandware will not receive any of the proceeds from the sale of shares by the selling stockholders. The offering is expected to close on or about November 25, 2013.
Goldman, Sachs & Co. is acting as lead book-running manager and Barclays Capital Inc. is acting as joint book-running manager for the offering. William Blair & company, L.L.C., Canaccord Genuity Inc., Raymond James & Associates, Oppenheimer & Co. Inc., and First Analysis Securities Corp., are acting as co-managers for the offering.
Demandware, a leader in digital commerce, enables the world´s premier retailers to move faster and grow faster in the changing face of retail. For more information, visit demandware.com.