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
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
Every recommendation goes through 3 layers of intense scrutinyquantitative, fundamental and technical analysisto maximize profit potential and minimize risk.
Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.