RingCentral, Inc. (NYSE: RNG) said that it has filed a registration statement with the US Securities and Exchange Commission relating to the proposed public offering of shares of its common stock.
RingCentral is proposing to offer 2,000,000 shares and certain selling stockholders are proposing to offer 4,000,000 shares. In addition, RingCentral is expected to grant the underwriters a 30-day option to purchase up to 900,000 additional shares of common stock. RingCentral will not receive any of the proceeds from the sale of the shares that are proposed to be sold by the selling stockholders.
Goldman, Sachs & Co., J.P. Morgan Securities LLC and BofA Merrill Lynch are acting as joint book-running managers for the proposed offering and Raymond James & Associates, Inc., William Blair & company, L.L.C., Oppenheimer & Co. Inc., Macquarie Capital (USA) Inc. and Northland Securities, Inc. are acting as co-managers.
RingCentral is a provider of cloud business communications solutions. It is headquartered in San Mateo, California.