SolarWinds, Inc. (NYSE: SWI) Swings on News

SolarWinds, Inc. (NYSE: SWI) today announced the pricing of its common stock at $18.75 a share. The pricing is done for 12 million shares. J.P. Morgan Securities, Goldman Sachs, and Morgan Stanley are joint book-running managers for the secondary public offering. The under-writers also have a 30-day option to purchase 1.8 million additional shares.

SolarWinds, Inc. (NYSE: SWI) gained 0.57% at $19.42 on 348K shares in the mornings trading hours. So far this year, SWI is up over 40%. The 52 week trading range for the stock is $12.70 - $24.25.