CARY, N.C., March 9, 2011 (GLOBE NEWSWIRE) -- SciQuest, Inc., (Nasdaq:SQI) a leading provider of on-demand strategic procurement and supplier management solutions, announced today that it has filed a registration statement on Form S-1 with the Securities and Exchange Commission for the offer by it of 1,000,000 shares of its common stock and by certain stockholders of the Company of 2,935,393 shares of common stock in an underwritten registered public offering, subject to market and other conditions. The Company will not receive any proceeds from the shares of common stock offered by the selling stockholders. In connection with this offering, the Company and selling stockholders expect to grant the underwriters an option to purchase up to 590,309 additional shares of common stock to cover over-allotments of shares, if any.
SciQuest, Inc. Announces Common Stock Offering
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