Market Overview

8x8 Prices 12.5M Share Offering at $9.25/Share

8x8 (NASDAQ: EGHT) today announced the pricing of a public offering
of 12,500,000 shares of its common stock at a price to the public of
$9.25 per share. In addition, 8x8 has granted the underwriters a 30-day
option to purchase up to an additional 1,875,000 shares of its common
stock. 8x8 will receive all of the proceeds from the sale of these
shares. The offering is expected to close on November 20, 2013, subject
to customary closing conditions.

BofA Merrill Lynch, Barclays, and Deutsche Bank Securities are acting as
joint book-running managers for the offering. Needham & Company,
Craig-Hallum Capital Group, and Dougherty & Company are acting as
co-managers for the offering.

See full press release

Posted-In: News Guidance Offerings Contracts Management Global

 

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