Splunk proposes follow-on offering

Splunk Inc. (NASDAQ: SPLK) said that it is commencing an underwritten registered public offering of 6,000,000 shares of its common stock.

Splunk also intends to grant the underwriters an option to purchase up to an additional 900,000 shares of its common stock to cover over-allotments.

Splunk expects to use the net proceeds from the offering for working capital and other general corporate purposes. In addition, Splunk may use a portion of the proceeds for potential acquisitions of businesses, technologies, or other assets, although Splunk has no agreements or commitments relating to any specific acquisitions at this time.

Morgan Stanley & Co. LLC, Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC and BofA Merrill Lynch will act as joint book-running managers for the offering. UBS Securities LLC, Pacific Crest Securities LLC and Cowen and company LLC will act as co-managers.

Splunk provides software solutions that provide real-time operational intelligence. The company serves cloud and online services, education, energy and utilities, financial services and insurance, government, healthcare, manufacturing, media, retail, technology, telecommunications, and travel and leisure industries. Splunk was founded in 2005 and is based in San Francisco, California. Its website is at http://www.splunk.com.

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