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TMCNet:  RingCentral Files Registration Statement for Proposed Public Offering

[February 26, 2014]

RingCentral Files Registration Statement for Proposed Public Offering

SAN MATEO, Calif. --(Business Wire)--

RingCentral (News - Alert), Inc. (NYSE:RNG), a leading provider of cloud business communications solutions, today announced that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission relating to the proposed public offering of shares of its common stock. RingCentral is proposing to offer 2,000,000 shares and certain selling stockholders are proposing to offer 4,000,000 shares. In addition, RingCentral is expected to grant the underwriters a 30-day option to purchase up to 900,000 additional shares of common stock. RingCentral will not receive any of the proceeds from the sale of the shares that are proposed to be sold by the selling stockholders.

Goldman, Sachs & Co., J.P. Morgan Securities LLC and BofA Merrill Lynch are acting as joint book-running managers for the proposed offering and Raymond James & Associates, Inc., William Blair & Company, L.L.., Oppenheimer & Co. Inc., Macquarie Capital (USA) Inc. and Northland Securities, Inc. are acting as co-managers.


The offering will be made only by means of a prospectus. When available, a copy of the preliminary prospectus may be obtained from Goldman, Sachs & Co., Attention: Prospectus Department, 200 West Street, New York, NY 10282, or by telephone at 1-866-471-2526; J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by telephone at 1-866-803-9204; or BofA Merrill Lynch, 222 Broadway, New York, NY 10038, Attn: Prospectus Department, or by email at dg.prospectus_requests@baml.com.

A registration statement relating to these securities has been filed with the U.S. Securities and Exchange Commission 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 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 RingCentral

RingCentral (NYSE: RNG) is a leading provider of cloud business communications solutions. Easier to manage and more flexible than on-premise communications systems, RingCentral's cloud solution meets the needs of modern distributed and mobile workforces, while eliminating the expense of on-premise hardware and software. RingCentral is headquartered in San Mateo, California.


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