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Appian files for common stock offering from selling shareholders

Nov. 13, 2017 4:51 PM ETAppian Corporation (APPN) StockBy: Brandy Betz, SA News Editor1 Comment
  • Appian (NASDAQ:APPN) files for a common stock offering of 3.8M common stock shares.
  • The shares come from certain selling shareholders, who have also granted the underwriters a 30-day option for up to 570K additional shares.   
  • Appian won’t receive any proceeds from this offering but will bear the costs other than underwriting discounts and commissions.
  • Appian shares are down 3.66% aftermarket.     

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