Six companies priced their initial public offerings on Friday in a strong showing for the IPO market. Among the companies that prices was Cvent, Inc. the cloud-based event management software company.
Cvent priced 5.6 million shares of common stock at $21.00 per share, for gross proceeds of $117.6 million. Cvent opened at an eye-opening $38 per share, and closed the day at $32.92. Morgan Stanley was the "lead left" book running manager with Goldman Sachs as the joint-book running manager, with Stifel, Pacific Crest and Needham acting as co-managers. The company is listed on the New York Stock Exchange with ticker "CVT".
Venture backers of Cvent include New Enterprise Associates, Insight Venture Partners and Greenspring Associates.
Cvent prospectus: http://www.sec.gov/Archives/edgar/data/1122897/000119312513327950/d520989d424b1.htm
Cvent IPO press release: http://www.cvent.com/en/company/cvent-announces-pricing-of-initial-public-offering.shtml
Cvent priced 5.6 million shares of common stock at $21.00 per share, for gross proceeds of $117.6 million. Cvent opened at an eye-opening $38 per share, and closed the day at $32.92. Morgan Stanley was the "lead left" book running manager with Goldman Sachs as the joint-book running manager, with Stifel, Pacific Crest and Needham acting as co-managers. The company is listed on the New York Stock Exchange with ticker "CVT".
Venture backers of Cvent include New Enterprise Associates, Insight Venture Partners and Greenspring Associates.
Cvent prospectus: http://www.sec.gov/Archives/edgar/data/1122897/000119312513327950/d520989d424b1.htm
Cvent IPO press release: http://www.cvent.com/en/company/cvent-announces-pricing-of-initial-public-offering.shtml
