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 Holdings, Inc.
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 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’ 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 100s of simultaneous users and sub-second electronic
transactions. 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
