Veeva Systems, Inc. Announces Closing of Initial Public Offering and Full Exercise of Underwriters’ Option to Purchase Additional Shares

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PLEASANTON, Calif.--(BUSINESS WIRE)--Veeva Systems Inc. (NYSE: VEEV), a leading provider of industry cloud software solutions for life sciences, today announced the closing of its previously announced initial public offering of 15,001,750 shares of its Class A common stock at a price to the public of $20.00 per share, which included 1,956,750 shares issued upon the exercise in full of the underwriters’ option to purchase additional shares. A total of 11,676,750 shares were sold by Veeva and a total of 3,325,000 shares were sold by certain selling stockholders. Veeva did not receive any proceeds from the sale of shares by the selling stockholders.

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