Wix.com has launched its IPO. The company priced its IPO of 7.7 million shares at a price of $16.50 per share. The stock is trading on the NASDAQ on Wednesday under the ticker symbol “WIX.” J.P. Morgan Securities and BofA Merrill Lynch are serving as lead underwriters. With offices in New York and Israel, Wix.com provides free software for building websites. It is backed by Benchmark Capital, Bessemer Venture Partners and Mangrove Venture Capital.
NEW YORK, NY–(Marketwired – November 05, 2013) – Wix.com Ltd., a leading global web development platform, today announced the pricing of its initial public offering of 7,700,000 ordinary shares at a price to the public of $16.50 per share. The shares are expected to begin trading on The NASDAQ Global Market on November 6, 2013 under the symbol “WIX.” Of the shares in the offering, 5,712,446 shares are being offered by Wix and 1,987,554 shares are being offered by selling shareholders. Wix will not receive any proceeds from the sale of shares by the selling shareholders. Wix has granted the underwriters a 30-day option to purchase up to 1,155,000 additional shares at the initial public offering price.
J.P. Morgan Securities LLC and BofA Merrill Lynch are acting as joint lead book-running managers for the offering. RBC Capital Markets, LLC is also acting as a book-running manager. Needham & Company, LLC and Oppenheimer & Co. Inc. are acting as co-managers.
The offering of these securities will be made only by means of a written prospectus. A copy of the prospectus related to the offering may be obtained from J.P. Morgan Securities LLC, Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, telephone: 1-866-803-9204; BofA Merrill Lynch, Attention: Prospectus Department, 222 Broadway, New York, NY 10038, email: [email protected]; or RBC Capital Markets, LLC, Attention: Prospectus Department Three World, Financial Center 200 Vesey Street, 8th Floor, New York, NY 10281, telephone: 1-877-822-4089.
A registration statement relating to the initial public offering has been filed with and declared effective by the Securities and Exchange Commission. 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.
About Wix.com Ltd.
Wix.com is a leading cloud-based web development platform with over 40 million registered users worldwide. Wix was founded on the belief that the Internet should be accessible to everyone to develop, create and contribute. Through free and premium subscriptions, Wix empowers millions of businesses, organizations, professionals and individuals to take their businesses, brands and workflow online. The Wix Editor and highly curated App Market enable users to build and manage a fully integrated and dynamic digital presence. Wix’s headquarters are in Tel Aviv with offices in San Francisco, New York and Dnepropetrovsk.