VC-backed Q2 Holdings prices IPO

Q2 Holdings has priced its IPO of 6.25 million shares at $11 to $13 per share. J.P. Morgan Securities and Stifel, Nicolaus & Company are the lead underwriters. Based in Austin, Texas, Q2 Holdings is a provider of secure virtual banking solutions. Its backers include Adams Street Partners and Battery Ventures.

PRESS RELEASE

AUSTIN, Texas–(BUSINESS WIRE)–Q2 Holdings, Inc. (Q2), a provider of secure virtual banking solutions, announced today that it has filed a preliminary prospectus with the Securities and Exchange Commission (SEC) in connection with its proposed Initial Public Offering (IPO).
The proposed IPO will consist of 6,250,000 shares to be sold by Q2 and 1,510,870 shares to be sold by certain Q2 stockholders at a currently estimated price range of $11.00 to $13.00 per share. Q2 will not receive any proceeds from the sale of shares by the selling stockholders.
The underwriters have an over-allotment option to purchase up to an additional 1,164,131 shares from Q2 at the initial public offering price.
J.P. Morgan Securities LLC and Stifel, Nicolaus & Company, Incorporated are acting as joint book-running managers for the proposed offering and RBC Capital Markets LLC, Raymond James & Associates, Inc., Canaccord Genuity, Inc. and Needham & Company, LLC are acting as co-managers.
The offering will be made only by means of a prospectus. Copies of the preliminary prospectus related to the offering may be obtained from J.P. Morgan Securities LLC, c/o: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, or by telephone at (866) 803-9204; or Stifel, Nicolaus & Company, Incorporated, One Montgomery Street, Suite 3700, San Francisco, California 94104, or by telephone at (415) 364-2720.
A registration statement relating to these securities has been filed with the SEC 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. A copy of the registration statement may be obtained by visiting the SEC website at www.sec.gov.
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.

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