INDIANAPOLIS--()--ExactTarget (NYSE:ET), a global provider of cross-channel interactive marketing solutions, announced today a public offering of 6,500,000 shares of its common stock.
Certain existing stockholders of ExactTarget propose to sell an aggregate of 6.5 million shares of common stock. The underwriters for the offering will have a 30-day option to purchase from the selling stockholders up to an additional 975,000 shares of common stock, on the same terms and conditions. ExactTarget will not receive any proceeds from the sale of the shares in the offering.
J.P. Morgan Securities LLC, Deutsche Bank Securities and Stifel Nicolaus Weisel are acting as joint book-runners for the offering, with RBC Capital Markets, Pacific Crest Securities, Canaccord Genuity and Raymond James acting as co-managers.
In connection with the proposed offering, J.P. Morgan Securities LLC, Deutsche Bank Securities and Stifel Nicolaus Weisel, the lead book-running managers of ExactTarget’s initial public offering in March 2012, are releasing lock-up restrictions with respect to certain shares of ExactTarget common stock held by the selling stockholders that are participating in the offering announced today. The release will take effect concurrently with the offering.
A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. 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 or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
This offering will be made only by means of a prospectus. A copy of the preliminary prospectus for the offering, when available, may be obtained from: J.P. Morgan Securities LLC, Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, or by telephone at (866) 803-9204; Deutsche Bank Securities Inc., Attn: Prospectus Department, 60 Wall Street, New York, NY 10005-2836, by telephone at (800) 503-4611, or by e-mail at email@example.com; or Stifel Nicolaus Weisel, One Montgomery Street, Suite 3700, San Francisco, California 94104, or by telephone at (415) 364-2720.
ExactTarget is a global provider of email marketing and cross-channel interactive marketing software-as-a-service solutions. Headquartered in Indianapolis, Indiana with offices across North America and in Europe, South America and Australia, ExactTarget trades on the New York Stock Exchange under the ticker symbol “ET.”