AUSTIN, Texas--(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.
Source: Q2 Holdings, Inc.