Coupa Software -1.6% after filing for $80M share offering

|About: Coupa Software Inc (COUP)|By:, SA News Editor

Coupa Software (NASDAQ:COUP) is off 1.6% after filing to offer up to $80M in shares.

Some shares will be sold by existing stockholders while another portion will be sold by the company.

But it hasn't yet determined the allocation of shares sold between existing stockholders and the company. It won't receive proceeds from shares sold by existing stockholders.