Seeking Alpha

E2open tumbles after pricing stock offering

  • E2open (EOPN -7.6%) has priced its 4.7M-share stock offering at $25, well below yesterday's closing price of $26.17. (PR)
  • The cloud procurement/supply chain software firm is selling 2.11M new shares (gross proceeds of $53M), and 2.55M on behalf of existing shareholders. The shareholders have given underwriters a 699K-share overallotment option.
  • E2open says it will use the proceeds for "general corporate purposes and other operating expenses," and potentially for future acquisitions.
  • Previous: E2open expands shelf registration to 4.8M shares
Comments (3)
  • Philip Marlowe
    , contributor
    Comments (1201) | Send Message
     
    "E2open (EOPN -7.6%) has priced its 4.7M-share stock offering at $25, well below yesterday's closing price of $24.17. "

     

    ????
    How much would you guys pay me to be your full time editor?
    24 Jan 2014, 02:27 PM Reply Like
  • Rope a Dope
    , contributor
    Comments (611) | Send Message
     
    Do you really want them running the math on your paycheck?
    24 Jan 2014, 02:39 PM Reply Like
  • Jmbiii3
    , contributor
    Comment (1) | Send Message
     
    Yeah, since when is 25 less than 24?
    26 Jan 2014, 08:53 AM Reply Like
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