Marketo Prices 6M Share Offering at $35.50/Share
Marketo (NASDAQ: MKTO), the provider of a leading cloud-based marketing software platform for building and sustaining engaging customer relationships, today announced the pricing of its follow-on public offering of 6,000,000 shares of its common stock at a price to the public of $35.50 per share.
The offering consists of 5,337,502 shares from certain existing stockholders and 662,498 shares from Marketo. In addition, Marketo has granted the underwriters a 30-day option to purchase up to 900,000 additional shares of common stock.
Goldman, Sachs & Co. and Credit Suisse Securities (USA) LLC are acting as lead book-running managers for the offering. Wells Fargo Securities, LLC, Canaccord Genuity Inc., Raymond James & Associates, Inc. and JMP Securities LLC are acting as co-managers.