Apptio, Inc. Announces Closing Of Initial Public Offering And Full Exercise Of The Underwriters' Option To Purchase Additional Shares

BELLEVUE, Wash., Sept. 28, 2016 /CNW/ -- Apptio, Inc. (NASDAQ: APTI), the leading provider of cloud-based Technology Business Management, or TBM, software, today announced the closing of its initial public offering of 6,900,000 shares of Class A common stock at a price to the public of $16.00 per share, which includes the full exercise of the underwriters' option to purchase 900,000 additional shares. The company estimates net proceeds from the offering to be approximately $99.4 million, after deducting underwriting discounts and commissions and estimated offering expenses. The shares began trading on the NASDAQ Global Market under the ticker symbol "APTI" on September 23, 2016.

Goldman, Sachs & Co., J.P. Morgan Securities LLC and BofA Merrill Lynch acted as joint lead bookrunners for the offering, while Barclays Capital Inc., Jefferies LLC, RBC Capital Markets, LLC and Pacific Crest Securities, a division of KeyBanc Capital Markets Inc., acted as bookrunners.

The offering was made only by means of a prospectus forming part of the effective registration statement. Copies of the final prospectus related to the offering may be obtained from Goldman, Sachs & Co., Attn: Prospectus Department, 200 West Street, New York, NY 10282, or by telephone at (866) 471-2526, or by e-mail at; J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by telephone at (866) 803-9204; and BofA Merrill Lynch, NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte, NC  28255-0001, Attn: Prospectus Department, or by email at

A registration statement relating to these securities has been filed with the Securities and Exchange Commission and was declared effective on September 22, 2016. Copies of the registration statement, as amended, can be accessed through the SEC's website at 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 jurisdiction.

Logo - 


SOURCE Apptio, Inc.

For further information: Investor Contact: Susanna Morgan, (425) 279-6101,; Media Contact: Sarah Vreugdenhil, (425) 974-1331,

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890