8×8 closes common stock offering

8×8, Inc. (NASDAQ: EGHT) said it has closed its underwritten registered public offering of an aggregate of 14,375,000 shares of its common stock, including 1,875,000 shares of common stock sold pursuant to the full exercise by the underwriters of their option to purchase additional shares.

All of the shares were sold at a price to the public of USD9.25 per share. The aggregate net proceeds to the company from this offering are approximately USD126m, after deducting underwriting discounts and commissions and estimated offering expenses.

BofA Merrill Lynch, Barclays, and Deutsche Bank Securities were the joint book-running managers for the offering. Needham & company, Craig-Hallum Capital Group, and Dougherty & company were the co-managers for the offering.

8×8 offers a comprehensive portfolio of unified cloud-based communications and collaboration services that includes hosted cloud telephony, office communications, hosted contact centre, video conferencing and virtual desktop software and services. The company´s website is at 8×8.com.

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