Guidewire Prices 7.76M Share Offering at $48.75.Share
Guidewire Software (NYSE: GWRE) today announced the pricing and
upsizing of its follow-on offering. The size of the offering has been
increased from the previously announced 6.5 million shares of common
stock to 7,763,732 shares of common stock at a price of $48.75 per
share. In addition, Guidewire has granted the underwriters a 30-day
option to purchase up to 1,164,559 additional shares of common stock.
Guidewire intends to use proceeds from the offering for general
corporate purposes, including working capital and capital expenditures,
and potential acquisitions.
The lead bookrunning managers of the offering are J.P. Morgan Securities