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SAN MATEO, Calif., April 10, 2017 -- Coupa Software Incorporated (NASDAQ:COUP), a leader in cloud-based spend management, today announced the launch of a proposed follow-on public offering of 3,700,000 shares of its common stock, which will include 91,535 shares to be offered by Coupa and 3,608,465 shares to be offered by certain selling stockholders. Coupa will not receive any proceeds from the sale of the shares by the selling stockholders. In addition, Coupa expects to grant the underwriters a 30-day option to purchase up to an additional 555,000 shares of its common stock.
The offering will be made only by means of a prospectus. Copies of the preliminary prospectus related to the offering may be obtained, when available, from Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014; from J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by telephone at 866-803-9204; from Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by telephone at 1-888-603-5847, or by email at [email protected]; or from RBC Capital Markets, LLC, Attention: Equity Syndicate, 200 Vesey Street, 8th Floor, New York, NY 10281-8098, or by email to [email protected], or by telephone at (877) 822-4089.
A registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. 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.
About Coupa Software
Coupa Software is the cloud platform for business spend. We deliver “Value as a Service” by helping our customers maximize their spend under management, achieve significant cost savings and drive profitability. Coupa provides a unified, cloud-based spend management platform that connects hundreds of organisations representing the Americas, EMEA, and APAC with millions of suppliers globally.
Investor Relations: The Blueshirt Group for Coupa Cynthia Hiponia or Erin Rheaume 650-485-8603 [email protected] Media Contact: Global Public Relations Orlando De Bruce 650-485-8629 [email protected]
