Apigee Announces Pricing of Initial Public Offering
On April 24, 2015, Apigee Corporation, a leading developer of an API-based software platform that enables digital connectivity and business insights, announced the pricing of its initial public offering of 5,115,000 shares of its common stock at a public offering price of $17.00 per share, raising $87 million. The company is trading on the Nasdaq Global Select Market under the ticker symbol "APIC." Wilson Sonsini Goodrich & Rosati is advising Apigee in the offering.
Morgan Stanley & Co. LLC, J.P. Morgan Securities LLC, and Credit Suisse Securities (USA) LLC are acting as joint book-running managers for the offering. Pacific Crest Securities, a division of KeyBanc Capital Markets Inc., JMP Securities LLC, and Nomura Securities International, Inc. are acting as co-managers for the offering.
Headquartered in San Jose, California, Apigee provides the API and predictive big data analytics technology and know-how that powers the most successful digital businesses. Many of the world's largest and most respected organizations have selected Apigee to enable their digital business, including half of the top 10 most valuable North American retail brands and a quarter of the world's most admired companies.
The WSGR team representing Apigee includes the following:
For more information, please see Apigee's press release.