Critical communications solutions provider Everbridge on Thursday made its official debut on the Nasdaq. The company, which will trade under the ticker symbol “EVBG,” announced that its initial public offering of 7.5 million shares of common stock are being offered by existing stockholders to the public at a price of $12 per share.
According to a statement, the offering is expected to close on September 21, 2016, subject to customary closing conditions. In addition, certain of the selling stockholders have granted the underwriters a 30-day option to purchase up to an additional 1,125,000 shares to cover over-allotments, if any.
“Our more than 3,000 customers realize that traditional solutions for critical communications and enterprise safety are no longer sufficient to meet the demands of an increasingly mobile workforce and population in today’s accelerated threat environment,” said Jaime Ellertson, CEO of Everbridge. “Today’s listing on Nasdaq, known as home for the world’s leading technology companies, marks an important milestone and a validation of our commitment to optimizing the speed, scale and precision of critical communications for enterprises and government entities around the globe.”
“Everbridge has been advancing modern critical communications, driving innovations that address the breadth of communication and safety challenges faced by all organizations amidst an evolving threat landscape, and we are proud to be their exchange partner,” said Nelson Griggs, Executive Vice President, Listing Services, Nasdaq.
