CARROLLTON, Texas, Nov. 17, 2010 (GLOBE NEWSWIRE) -- RealPage, Inc. (Nasdaq:RP) today announced that it has filed a registration statement with the U.S. Securities and Exchange Commission relating to a public offering of 9 million shares of its common stock, of which 4 million are being offered by the Company and 5 million are being offered by selling stockholders. In addition, certain selling stockholders have granted the underwriters a 30-day option to purchase up to an additional 1,350,000 shares of common stock to cover over-allotments, if any. RealPage will not receive any of the proceeds from the sale of shares by the selling stockholders. The offering price of the shares of common stock sold will be determined by negotiations between the Company, the selling stockholders and the underwriters.
Credit Suisse Securities (USA) LLC and Deutsche Bank Securities Inc. are serving as joint book-running managers for the offering, with William Blair & Company, L.L.C., RBC Capital Markets, LLC, JMP Securities LLC, Pacific Crest Securities LLC, Wells Fargo Securities, LLC and Lazard Capital Markets LLC acting as co-managers. A preliminary prospectus for the offering, when available, may be obtained from the Security and Exchange Commission's Web site, , or from:
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 the solicitation of an offer to buy nor may there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About RealPage
Located in Carrollton, Texas, a suburb of Dallas, RealPage provides on-demand products and services to apartment communities and single family rentals across the United States that enable owners and managers of multi-family rental property types to manage their marketing, pricing, screening, leasing, accounting, purchasing and other property operations.
CONTACT: RealPage, Inc. Rhett Butler 972-820-3773 rhett.butler@realpage.com