PROS Holdings, Inc. Announces Pricing of Initial Public Offering
Houston, Texas — June 27, 2007— PROS Holdings, Inc. (NYSE: PRO) today announced the pricing of its initial public offering of 6,825,000 shares of common stock at $11.00 per share, including 1,706,250 million shares being offered by certain selling stockholders of PROS. PROS' common stock will be listed on the New York Stock Exchange under the symbol "PRO."
The shares are being sold through underwriters led by J.P. Morgan Securities Inc. and Deutsche Bank Securities Inc., as joint book-running managers, and Jefferies & Company, Inc. and Thomas Weisel Partners LLC, as co-managers. The selling stockholders of PROS have granted the underwriters a 30-day option to purchase up to an additional 1,023,750 additional shares to cover over-allotments, if any.
A registration statement relating to these securities was declared effective by the Securities and Exchange Commission on June 27, 2007, and the public offering is being made by means of a prospectus. A copy of the final prospectus relating to the offering may be obtained by contacting JPMorgan, located at Prospectus Department, 4 Chase Metrotech Center, CS Level, Brooklyn, NY 11245, telephone 718-242-8002 or email at addressing.services@jpmorgan.com, or Deutsche Bank, located at Deutsche Bank Prospectus Department, 1251 Avenue of the Americas, 25th Floor, New York, NY 10020, telephone at: 800-503-4611 or email at: prospectusrequest@list.db.com.
This press release shall not constitute an offer to sell or a 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. Any offer or sale will be made only by means of the written prospectus forming a part of the effective registration statement.
About PROS Holdings, Inc.
PROS is a leading provider of pricing and revenue optimization software products, specializing in price analytics, price execution, and price optimization. By using PROS’ software products, companies gain insight into their pricing strategies, identify pricing-based profit leaks, optimize their pricing decision making and improve their business processes and financial performance. PROS’ software products implement advanced pricing science, which includes operations research, forecasting and statistics. PROS also provides a range of services that include analyzing a company’s current pricing processes and implementing software products to improve pricing performance. PROS has implemented over 200 solutions across a range of industries in more than 40 countries.
Founded in 1985, PROS is headquartered in Houston, Texas. Today, PROS has over 300 employees, more than 100 with advanced degrees and 20 with Ph.D.s. To learn more about PROS, please visit www.prospricing.com.
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Media Relations:
PROS Corporate Communications
CorpComm@prospricing.com
(713) 335-5197
Investor Relations:
PROS Holdings, Inc.
IR@prospricing.com
(713) 335-5879
