|By Business Wire||
|March 19, 2014 07:36 PM EDT||
Q2 Holdings, Inc. (Q2), a provider of secure virtual banking solutions, announced today its initial public offering of 7,760,870 shares of its common stock at a price to the public of $13.00 per share. The shares are expected to begin trading on March 20, 2014 on the New York Stock Exchange (NYSE) under the ticker symbol “QTWO.” Of the shares in the offering, 6,250,000 shares are being offered by Q2 and 1,510,870 shares are being offered by selling stockholders. Q2 will not receive any proceeds from the sale of shares by the selling stockholders. In addition, Q2 has granted the underwriters an option to purchase up to an additional 1,164,131 shares to cover over-allotments, if any.
J.P. Morgan Securities LLC and Stifel, Nicolaus & Company, Incorporated are serving as joint book-running managers for the offering with RBC Capital Markets LLC, Raymond James & Associates, Inc., Canaccord Genuity, Inc. and Needham & Company, LLC acting as co-managers.
The shares are being sold pursuant to a registration statement declared effective by the Securities and Exchange Commission on March 19, 2014. The offering of these securities will only be made by means of a written prospectus forming a part of the effective registration statement. 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; or Stifel, Nicolaus & Company, Incorporated, 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.
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.
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