AUSTIN, Texas--(BUSINESS WIRE)--
Q2 Holdings, Inc. (NYSE: QTWO), a provider of secure, cloud-based
virtual banking solutions, today announced the upsizing and pricing of
its follow-on public offering. The size of the offering has been
increased from the previously announced 4,559,156 shares to 5,122,353
shares at a price to the public of $19.75 per share. Q2 is selling
1,500,000 shares of common stock and certain existing stockholders of Q2
are selling 3,622,353 shares of common stock. In addition, the
underwriters of the offering have been granted a 30-day option to
purchase from Q2 and the selling stockholders up to an additional
768,352 shares of common stock, on the same terms and conditions. Q2
will not receive any proceeds from the sale of the shares by the selling
stockholders.
J.P. Morgan, Morgan Stanley and Stifel are serving as joint book-running
managers for the offering with Raymond James, Canaccord Genuity and
Needham & Company acting as co-managers.
A registration statement relating to these securities has been filed
with, and declared effective by, the U.S. Securities and Exchange
Commission. This press release shall not constitute an offer to sell or
the solicitation of an offer to buy, nor shall there be any sale of
these securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
The offering will be made only by means of a prospectus. A copy of the
final prospectus related to the offering may be obtained, when
available, 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.
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.