Rainmaker Systems Prices Initial Public Offering at $8.00 Per Share
SCOTTS VALLEY, Calif., Nov. 16 /PRNewswire/ -- Rainmaker Systems, Inc. (Nasdaq: RMKR - news) announced today that it has priced its initial public offering of 5,000,000 shares of common stock at $ 8.00 per share. All of the 5,000,000 shares being offered are being sold by Rainmaker Systems.
The offering is being managed by Donaldson, Lufkin & Jenrette, Thomas Weisel Partners LLC, and SG Cowen Securities Corporation. Rainmaker has granted the underwriters a 30-day option to purchase up to 750,000 additional shares to cover over-allotments, if any.
Rainmaker provides Customer Relationship Management (CRM) services to software and other technology companies. The Company designs and implements sophisticated sales, marketing and other customer relationship services using the Internet and other communications channels to sell and renew software subscriptions, support and service contracts, training services, licenses and upgrades.
Copies of the prospectus relating to the offering may be obtained from Donaldson, Lufkin & Jenrette, 277 Park Avenue, New York, NY 10172, Thomas Weisel Partners LLC, One Montgomery Street, Suite 3700, San Francisco, CA 94104, and from SG Cowen Securities Corporation, One Financial Square, 27th, Floor New, York, NY 10005.
A registration statement relating to these securities was filed and declared effective by the Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there by any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state.
CONTACT: Wink Grelis of Rainmaker Systems, Inc., 831-440-5067, or winkg@rmkr.com; or Jennifer Higuchi of Nadel Phelan, 831-439-5570, ext. 225, or jenniferh@nadelphelan.com, for Rainmaker Systems, Inc.
SOURCE: Rainmaker Systems, Inc. |
