Cornerstone OnDemand Announces Pricing of Initial Public Offering
Santa Monica, Calif. – March 17, 2011 – Cornerstone OnDemand, Inc. today announced the pricing of its initial public offering of 10,500,000 shares of its common stock at a public offering price of $13.00 per share. The common stock will begin trading on March 17, 2011 on the NASDAQ Global Market under the symbol "CSOD."
Cornerstone OnDemand is offering 7,500,000 shares of common stock and certain selling stockholders are offering 3,000,000 shares of common stock. In addition, the selling stockholders have granted the underwriters a 30-day option to purchase up to an additional 1,575,000 shares at the initial public offering price. Cornerstone OnDemand will not receive any proceeds from the sale of shares by the selling stockholders.
Goldman, Sachs & Co. and Barclays Capital Inc. are acting as the joint book-running managers for the offering. William Blair & Company, L.L.C., Piper Jaffray & Co., Pacific Crest Securities LLC and JMP Securities LLC are acting as co-managers.
The initial public offering is being made solely by means of a prospectus. Copies of the final prospectus, when available, may be obtained from: Goldman, Sachs & Co., Prospectus Department, 200 West Street, New York, NY 10282, via telephone: 1-866-471-2526, facsimile: 212-902-9316 or by emailing firstname.lastname@example.org; or from Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, via telephone: 1-888-603-5847 or by emailing email@example.com.
A registration statement relating to these securities has been filed with, and declared effective by, the U.S. Securities and Exchange Commission. Copies of the registration statement can be accessed through the SEC's website at www.sec.gov. 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 prior to registration or qualification under the securities laws of any such state or jurisdiction.
A propos de Cornerstone OnDemand
Cornerstone OnDemand (NASDAQ : CSOD) est l’un des leaders des logiciels cloud de gestion de la formation et du capital humain. Recrutement, intégration, formation, gestion de la performance et de la rémunération, plans de succession, gestion des données RH, gestion des effectifs et analytique RH : la plateforme est pensée pour développer pleinement le potentiel des organisations et des personnes.
Plus de 3 250 clients et plus de 36 millions d’utilisateurs utilisent aujourd’hui le logiciel de Cornerstone OnDemand, dans 192 pays et en 43 langues.