Skillsoft sets IPO at 3.1 mln shares, $12-$14/shr
WASHINGTON, Dec 13 (Reuters) - SkillSoft Corp., provider of online training resources, said on Monday it plans to sell 3.1 million shares in a projected range of $12-$14 a share in its initial public offering.
The Nashua, N.H.-based company said it plans to net about $36.7 million from the IPO which will be used for research and development, expanding marketing and sales abilities, expanding international operations and working capital.
SkillSoft offers a library of courses ranging from management to leadership, communication and customer service as well as finance, marketing, sales and strategy.
The share price and number of shares to be offered was revealed for the first time on Monday in an amended prospectus filed with the Securities and Exchange Commission.
After the offering, there will be about 12.5 million shares outstanding in the company, according to the filing.
The underwriters, Credit Suisse First Boston, Banc of America Securities LLC and Thomas Weisel Partners LLC, have been allotted an extra 465,000 shares to purchase in the event of heavy demand.
SkillSoft has applied to sell its shares on Nasdaq under the symbol (NasdaqNM:SKIL - news) ``SKIL'. |
