East Rutherford-based Amber Road Inc., a global trade management company, announced Thursday it has priced its public offering of 7.39 million shares of common stock at $13.00 per share.
According to the announcement, of the shares in the offering, 4.7 million are being offered by the Amber Road and 2.6 million are being offered by selling stockholders. The company has granted the underwrites a 30-day option to purchase up to 1.1 million shares to cover any potential over-allotments, if any. The offering is expected to close on March 26.
The company will not receive any proceeds from the shares. Stifel is acting as the sole bookrunning manager for the offering. Pacific Crest Securities is serving as co-lead manager, and Canaccord Genuity, Needham & Company and Raymond James & Associates are serving as co-managers, the company said in a statement.
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