Q2 Holdings, Inc. Announces Closing of Follow-on Public Offering & Full Exercise of Underwriters' Option to Purchase Addition...
March 06 2015 - 6:49PM
Business Wire
Q2 Holdings, Inc. (NYSE: QTWO), a provider of secure,
cloud-based virtual banking solutions, today announced the closing
of its previously announced underwritten public offering of
5,890,705 shares (including 768,352 shares that were offered and
sold pursuant to the full exercise of the underwriters' option to
purchase additional shares) at a price to the public of $19.75 per
share. Q2 sold 1,757,290 shares of common stock and certain
existing stockholders of Q2 sold 4,133,415 shares of common stock.
Q2 did not receive any proceeds from the sale of the shares by the
selling stockholders.
J.P. Morgan, Morgan Stanley and Stifel served as joint
book-running managers for the offering and Raymond James, Canaccord
Genuity and Needham & Company acted as co-managers.
A registration statement relating to these securities was filed
with the SEC and became effective on February 26, 2015. The
offering was made only by means of a prospectus. A copy of the
prospectus related to the offering may be obtained from J.P. Morgan
Securities LLC, c/o: Broadridge Financial Solutions, 1155 Long
Island Avenue, Edgewood, New York 11717, or by telephone at (866)
803-9204; Morgan Stanley & Co. LLC, Attention: Prospectus
Department, 180 Varick Street, 2nd Floor, New York, NY 10014, or by
telephone at (866) 718-1649; or Stifel, Nicolaus & Company,
Incorporated, Attention: Prospectus Dept., One Montgomery Street,
Suite 3700, San Francisco, California 94104, or by telephone at
(415) 364-2720.
This press release shall not constitute an offer to sell or
solicitation of any offer to buy, nor shall there be any sale of,
these securities in any state or jurisdiction in which such offer,
solicitation or sales would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
About Q2:
Q2 is a leading provider of secure, cloud-based virtual banking
solutions headquartered in Austin, Texas. Q2 enables regional and
community financial institutions, or RCFIs, to deliver a robust
suite of integrated virtual banking services and engage more
effectively with their retail and commercial account holders who
expect to bank anytime, anywhere and on any device. Q2 solutions
are often the most frequent point of interaction between its RCFI
customers and their account holders. As such, Q2 purpose-built its
solutions to deliver a compelling, consistent user experience
across digital channels and drive the success of its customers by
extending their local brands, enabling improved account holder
retention and creating incremental sales opportunities.
Media Contact:Red Fan CommunicationsKathleen Lucente,
512-551-9253Cell:
512-217-6352kathleen@redfancommunications.comorInvestor Contact:Q2
Holdings, Inc.Bob Gujavarty,
512-439-3447bobby.gujavarty@q2ebanking.com
Q2 (NYSE:QTWO)
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