Barrington Research has acted as Co-Manager in a $80,250,000 underwritten public offering of common stock for SciQuest, Inc. (SQI-NASDAQ).
CHICAGO, April 2, 2014 — Barrington Research Associates, Inc. (www.brai.com), a nationally recognized investment services firm, has acted as Co-Manager in a $80,250,000 underwritten public offering of common stock for SciQuest, Inc. (SQI-NASDAQ).
The offering consisted of 3,000,000 shares of its common stock offered to the public priced at $26.75 per share and includes an overallotment option up to an additional 450,000 shares of common stock. The transaction was priced on March 26, 2014 and closed on April 1, 2014.
J.P. Morgan Securities and Stifel Nicolaus acted as joint book-running managers in the offering. Co-Manager’s included Barrington Research Associates, Canaccord, JMP Securities, Pacific Crest Securities, Raymond James & Associates, William Blair & Company, and Sidoti & Company.
The offering was made pursuant to a shelf registration statement (File No. 333-193777) previously filed with and declared effective by the U.S. Securities and Exchange Commission (SEC).
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. Any offer, solicitation or sale will be made only by means of the prospectus supplement and the base prospectus.
About SciQuest, Inc.
SciQuest, Inc. provides cloud-based business automation solutions for spend management. Its solutions include procurement solutions that automate the source-to-settle process; spend analysis solutions that cleanse and classify spend data to drive and measure cost savings; supplier management solutions that integrate customers with their suppliers; contract lifecycle management solutions that automate the complete contract lifecycle from contract creation through maintenance; and accounts payable solutions that automate the invoice processing and vendor payment processes. The company was founded in November 1995 and is headquartered in Cary, NC.