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Tangoe, Inc. Announces Closing of Initial Public Offering and Full Exercise of Underwritersa? Option to Purchase Additional Sha
ORANGE, Conn.--([ BUSINESS WIRE ])--Tangoe, Inc. (NASDAQ: TNGO), a leading global provider of communications lifecycle management software and related services, today announced the closing of its previously announced initial public offering of 8,770,000 shares of its common stock at a price to the public of $10.00 per share. Tangoe sold 7,500,000 shares of common stock and selling stockholders sold the remaining 1,270,000 shares of common stock in the closing. In addition, Tangoe announced that the underwriters have exercised in full their option to purchase 1,315,500 additional shares of common stock from the selling stockholders at the initial public offering price. Closing of the sale of the additional shares is expected to occur on August 2, 2011. Tangoe will not receive any proceeds from the sale of shares by the selling stockholders.
Deutsche Bank Securities Inc. and Stifel Nicolaus Weisel are acting as joint book-running managers for the offering, with Lazard Capital Markets LLC, Oppenheimer & Co. Inc., Raymond James & Associates, Inc., and Signal Hill Capital Group LLC acting as co-managers.
A registration statement relating to these securities has been filed with, and declared effective by, the Securities and Exchange Commission. A copy of the final prospectus for this offering may be obtained by contacting Deutsche Bank Securities Inc., Attn: Prospectus Department, 100 Plaza One, Jersey City, New Jersey 07311, by telephone: 800.503.4611, or by e-mail: [ prospectus.cpdg@db.com ], or Stifel Nicolaus Weisel, One Montgomery Street, Suite 3700, San Francisco, California 94104, by telephone: 415.364.2720.
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.