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Amber Road Announces Closing of Initial Public Offering and Full Exercise of Underwriters’ Option to Purchase Additional Shares

03/26/2014

Amber Road, Inc. (NYSE: AMBR), a leading provider of global trade management (GTM) solutions, today announced the closing of its previously announced initial public offering of 8,500,299 shares of its common stock at a price to the public of $13.00 per share, which included 1,108,734 shares issued upon the exercise in full of the underwriters’ option to purchase additional shares. Of the shares in the offering, 4,782,870 shares were offered by the company and 3,717,429 shares were offered by selling stockholders. Amber Road estimates that the net proceeds of the offering to the company, after deducting underwriting discounts and commissions and estimated offering expenses, will be approximately $54.1 million. Amber Road did not receive any proceeds from the sale of shares by the selling stockholders.

The shares began trading on the New York Stock Exchange on March 21, 2014 under the ticker symbol “AMBR.”

Stifel served as sole book-running manager for the offering, Pacific Crest Securities served as co-lead manager, and Canaccord Genuity, Needham & Company and Raymond James & Associates served as co-managers.

A registration statement related to these securities was declared effective by the Securities and Exchange Commission on March 20, 2014. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor may there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful. 

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