By Chelsea Stevenson
Ellie Mae Inc. (ELLI) unveiled plans to offer 3 million shares while its directors and executive officers plan to offer 101,638 shares, as the company looks to fund potential acquisitions, investments and working capital.
Shares of Ellie Mae, which provides residential-mortgage industry services, closed Friday at $16.29 and were inactive premarket. The stock has nearly tripled year to date and set an all-time high last week.
Ellie Mae moved its stock to the New York Stock Exchange earlier this month. The company reported revenue nearly doubled during its first quarter as it swung to a profit, driven by an influx of new customers.
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