PE-backed Q2 Holdings files for IPO

Q2 Holdings has filed for an IPO. The number of shares that will be sold as well as the stock’s pricing terms have yet to be set. J.P. Morgan Securities and Stifel, Nicolaus & Company will serve as lead underwriters. Based in Austin, Q2 is a provider of secure virtual banking services. Its backers include Adams Street Partners and Battery Ventures.


Q2 Holdings, Inc. (Q2), a provider of secure virtual banking solutions, announced today that it filed a registration statement on Form S-1 on February 12, 2014 with the U.S. Securities and Exchange Commission for a proposed initial public offering of its common stock.
The offering will consist of shares to be sold by Q2 and certain Q2 stockholders. Q2 will not receive any proceeds from the sale of shares by those stockholders. The number of shares to be offered and the price range for the proposed offering have not yet been determined.
J.P. Morgan Securities LLC and Stifel, Nicolaus & Company, Incorporated will act 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 will act as co-managers.
The offering will be made only by means of a prospectus. When available, 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 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 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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