Altair Announces Closing of Follow-on Public Offering and Exercise of Underwriters' Option to Purchase Additional Shares
Altair Engineering Inc. - Class A (ALTR)
Last altair engineering inc. - class a earnings: 2/27 04:05 pm
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US:NASDAQ Investor Relations:
investor.altair.com/overview
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Source: GlobeNewswire
TROY, Mich., June 11, 2018 (GLOBE NEWSWIRE) -- Altair Engineering Inc. (Nasdaq:ALTR) today announced the closing of its follow-on public offering and the exercise of the underwriters’ option to purchase additional shares of its Class A common stock. The underwriters’ exercised their option with respect to 763,424 of the 840,000 shares of Class A common stock covered by their option to purchase additional shares. After giving effect to the underwriters’ exercise of their option, Altair sold 4,056,004 shares of Class A common stock and the selling shareholders sold 2,307,420 shares of Class A common stock at a price to the public of $35.00 per share for a total offering size of approximately $222.7 million. Altair did not receive any proceeds from the sale of the shares by the selling stockholders. J.P. Morgan Securities LLC, RBC Capital Markets, LLC and Deutsche Bank Securities Inc. are acting as book-running managers for the proposed offering. Canaccord Genuity LLC, William Blai
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