|[April 03, 2014]
Opower Announces Pricing of Initial Public Offering
ARLINGTON, Va. --(Business Wire)--
Opower, a leading provider of cloud-based software to the utility
industry, today announced the pricing of its Initial Public Offering of
6,100,000 shares of its common stock at a price of $19.00 per share. The
shares are expected to begin trading on the New York Stock Exchange on
April 4, 2014 under the ticker "OPWR." All of the common stock is being
offered by Opower. In addition, Opower has granted the underwriters a
30-day option to purchase up to 915,000 additional shares of common
stock from Opower at the Initial Public Offering price.
Morgan Stanley & Co. LLC and Goldman, Sachs & Co. are acting as lead
book-running managers for the proposed offerin. Allen & Company LLC,
Pacific Crest Securities LLC, Canaccord Genuity Inc. and Cowen and
Company, LLC are acting as co-managers.
The offering will be made only by means of a prospectus. Copies of the
prospectus related to the offering may be obtained, when available, from
Morgan Stanley & Co. LLC at 180 Varick Street, 2nd Floor, New York, NY
10014, Attn: Prospectus Department, or by calling (866) 718-1649, or by
or from Goldman, Sachs & Co., Attention: Prospectus Department, 200 West
Street, New York, NY 10282, telephone: 1-866-471-2526, or email: firstname.lastname@example.org.
A registration statement relating to these securities has been filed
with, and declared effective by, the 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
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