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Model N, Inc. Announces Exercise of Over-Allotment Option
3/22/2013 9:29:50 AM
REDWOOD CITY, Calif.--(BUSINESS WIRE)--Model N, Inc. (NYSE: MODN), a provider of revenue management solutions for the life science and technology industries, today announced that the underwriters of its initial public offering exercised in full their option to purchase an additional 1,011,000 shares of common stock from the company. As a result, the total initial public offering size is 7,751,000 shares of common stock, which consists of 7,011,000 shares of common stock to be sold by Model N and 740,000 shares of common stock to be sold by the selling stockholder. All shares sold in the offering are being sold at a price to the public of $15.50. Model N will not receive any proceeds from the sale of shares by the selling stockholders.
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