Envestnet, Inc. ENV announced
today that it has commenced a public offering on behalf of selling
stockholders of 4,800,000 shares of common stock, plus up to 720,000
shares that may be purchased from one of the selling stockholders by the
underwriters to cover the underwriters' over-allotments, if any. The
Company will not receive any proceeds from the sale of shares by the
selling shareholders.
William Blair and Stifel are acting as joint book-running managers of
the offering and BMO Capital Markets, Sandler O'Neill + Partners, L.P.,
Sterne Agee, Avondale Partners, Barrington Research Associates and
Sidoti & Company, LLC are acting as co-managers.
See full press release
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