MINNEAPOLIS, Nov. 12, 2010 (GLOBE NEWSWIRE) -- SPS Commerce (Nasdaq:SPSC), a leading provider of on-demand supply chain management solutions, announced today that it filed a registration statement with the Securities and Exchange Commission for a proposed follow-on public offering for an aggregate offering of 100,000 shares by SPS Commerce and an additional 2,771,240 shares by the selling stockholders. SPS Commerce and the selling stockholders expect to grant the underwriters an option to purchase up to an additional 430,686 shares to cover over-allotments, if any.
Stifel Nicolaus Weisel will act as the book running manager for the offering. William Blair & Company, JMP Securities and Needham & Company, LLC are lead managers, and Canaccord Genuity and Craig-Hallum Capital Group are co-managers of the offering.
A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be a sale of these securities in any state or other 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. When available, copies of the preliminary prospectus relating to the offering may be obtained from Stifel Nicolaus Weisel, One Montgomery Street, Suite 3700, San Francisco, California 94104, or by calling 415-364-2720.
The SPS Commerce logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=7184
SPS Commerce is a registered trademark of SPS Commerce, Inc. SPSCommerce.net and the SPS Commerce logo are the property of SPS Commerce, Inc. All other names and trademarks are the property of their respective holders.
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CONTACT: The Blueshirt Group Investor Relations Todd Friedman todd@blueshirtgroup.com Stacie Bosinoff stacie@blueshirtgroup.com 415-217-7722