PROS News
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 JPMorgan 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 Securities Inc., located at Prospectus Department, 100 Plaza One, Jersey City, NJ 07311, 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
PROS Holdings, Inc. (NYSE:PRO) is a leading provider of pricing and revenue
optimization software products, specializing in price analytics, price
execution and price optimization. By using our software products, our customers
gain insight into their pricing strategies, identify detrimental pricing
practices, optimize their pricing decision-making and improve their business
processes and financial performance. PROS' software products incorporate
advanced pricing science, which includes operations research, forecasting
and statistics. PROS' high performance software architecture supports real-time
high volume transaction processing and allows PROS to handle the processing
and database requirements of the most sophisticated and largest customers,
including customers with hundreds of simultaneous users and sub-second
electronic transactions. PROS provides professional services to configure
our software products to meet the specific pricing needs of each customer.
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 350 employees, more than 100 with advanced degrees and 25 with Ph.D.s.
Forward-looking Statements
This press release contains forward-looking statements, including statements
about the functionality of the PROS products and their ability to
manage and forecast across an enterprise. The forward-looking statement
contained in this press release are based upon PROS historical performance
and its current plans, estimates and expectations and are not a representation
that such plans, estimates or expectations will be achieved. Factors that
could cause actual results to differ materially from those described herein
include PROS ability to develop new products and product enhancements
with the required functionality desired and PROS ability to implement and
support successfully its products to the expectations of its customers. Additional
information relating to the uncertainty affecting the PROS business are
contained in PROS filings with the Securities and Exchange Commission.
These forward-looking statements represent PROS expectations as of the
date of this press release. Subsequent events may cause these expectations
to change, and PROS disclaims any obligations to update or alter these
forward-looking statements in the future, whether as a result of new information,
future events or otherwise.
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Media Contacts:
PROS
Corporate Communications
(713) 335-5197
CorpComm@prospricing.com
