Demandware IPO Raises $88 Mln


Demandware said late Wednesday that it priced its IPO at 5.5 million shares at $16 each. The company is expected to begin trading on NYSE under the ticker “DWRE.” Underwriters on the deal have the option to buy another 825,000 shares. Goldman Sachs and Deutsche Bank are joint-book runners on the deal.

PRESS RELEASE

Demandware, Inc. (NYSE: DWRE), a leading provider of software-as-a-service (SaaS) e-commerce solutions, today announced the pricing of its initial public offering of 5,500,000 shares of common stock at a price to the public of $16 per share. The shares are expected to begin trading on The New York Stock Exchange on March 15, 2012 under the symbol “DWRE”. All of the shares being sold in the offering are being sold by Demandware. The underwriters have a 30-day option to purchase up to an additional 825,000 shares of common stock from Demandware at the initial public offering price.

Goldman, Sachs & Co. and Deutsche Bank Securities Inc. are acting as joint book-running managers for the offering. William Blair & Company, L.L.C., Oppenheimer & Co., Inc., Canaccord Genuity Inc. and First Analysis Securities Corporation are acting as co-managers.

A registration statement relating to these securities was declared effective by the Securities and Exchange Commission on March 14, 2012. This offering is being made solely by means of a prospectus, copies of which may be obtained from: Goldman, Sachs & Co., Prospectus Department, 200 West Street, New York, NY 10282, telephone: 1-866-471-2526, facsimile: 212-902-9316, email: [email protected] or Deutsche Bank Securities Inc., Prospectus Department, 100 Plaza One, Jersey City, New Jersey 07311, telephone: 1-800-503-4611, e-mail: [email protected].

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 an 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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