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To: Glenn Petersen who wrote (412)10/1/2010 12:44:15 PM
From: Glenn Petersen  Read Replies (2) | Respond to of 1685
 
SciQuest (stock symbol: SQI), which was looking to raise $75 million when it filed its initial S-1 earlier this year, has raised $65.55 million.

The shares, which were priced at $9.50 (the low end of its $9.50 to $11.50 range), are trading at $12.00 this morning.

The final prospectus can be found here:

sec.gov

SciQuest IPO underwriters exercise rights on 900,000 shares

By Local Tech Wire
LocalTechWire
Posted Sep. 30, 2010 at 9:37 a.m.

Cary, N.C. — With the stock price up nearly 30 percent from its opening day, SciQuest (Nasdaq: SQI) said Thursday that the underwriters of its initial public offering exercised all 900,000 of their allotted shares.

The Cary-based provider of online procurement software and services returned to public markets last week with an IPO of 6 million shares priced at $9.50 a share.

Since then, SciQuest hasn’t traded for less than $11 and has hit a high of $13.75.

Shares closed Wednesday at $12.15.

Stifel Nicolaus Weisel, William Blair & Company, JMP Securities and Pacific Crest Securities handled the IPO.

localtechwire.com