Veeva -2.3% AH after filing to sell 12M shares

|About: Veeva Systems Inc. (VEEV)|By:, SA News Editor

Veeva (VEEV) will be issuing 890K new shares, and selling the rest on behalf of existing holders. Underwriters have a 1.8M-share overallotment option (500K from Veeva, 1.3M from existing holders).

CEO/co-founder Peter Gassner will be selling 1.35M shares, and VC firm Emergence Capital 4.9M shares.

Veeva originally filed for a secondary offering last Tuesday. The company's lockup expiration arrives on April 14.