Veeva makes new post-IPO lows after pricing offering

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

Veeva's (VEEV -6.5%) 12M-share stock offering, first announced on Monday afternoon, has been priced at $26.35, 3.3% below yesterday's closing price of $27.27.

The cloud life sciences software vendor is selling 890K new shares, and the rest on behalf of existing holders (inc. CEO Peter Gassner).

Shares have made new post-IPO lows, but remain above their $20 October IPO price.