Endurance International Group Holdings debuts IPO

Endurance International Group Holdings debuted its IPO on Friday. The IPO is selling 21,051,000 shares of common stock at a price of $12 per share. The stock is trading on the NASDAQ under the ticker symbol “EIGI.” Goldman Sachs, Credit Suisse Securities and Morgan Stanley are serving as lead underwriters. Based in Burlington, Mass., Endurance, which is backed by Warburg Pincus and Goldman Sachs, is a provider of cloud-based solutions.


BURLINGTON, Mass., Oct 25, 2013 (GLOBE NEWSWIRE via COMTEX) — Endurance International Group Holdings, Inc. EIGI -5.42% today announced the pricing of its initial public offering of 21,051,000 shares of common stock at a price to the public of $12.00 per share. All of the shares are being offered by Endurance. The shares are expected to begin trading on the NASDAQ Global Select Market on October 25, 2013 under the symbol “EIGI.” In addition, Endurance has granted the underwriters a 30-day option to purchase up to an additional 3,157,650 shares of common stock at the initial public offering price.
Goldman, Sachs & Co., Credit Suisse Securities (USA) LLC, and Morgan Stanley & Co. LLC are acting as joint bookrunners for the offering. Cowen and Company, LLC, Jefferies LLC, Lazard Capital Markets LLC, and Wells Fargo Securities, LLC 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 Goldman, Sachs & Co., Attention: Prospectus Department, 200 West Street, New York, New York 10282, telephone: 1-866-471-2526, or email: prospectus-ny@ny.email.gs.com; Credit Suisse Securities (USA) LLC, Attention: Prospectus Department, One Madison Avenue, New York, New York, 10010, telephone: 1-800-221-1037, or email: newyork.prospectus@credit-suisse.com; or Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2 Floor, New York, NY 10014, telephone: 1-866-718-1649, or email: prospectus@morganstanley.com.
A registration statement relating to these securities has been 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 offer, solicitation or 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 Endurance International Group
A leading provider of cloud-based solutions, Endurance helps small and medium-sized business owners establish, manage and grow their businesses by harnessing the power and promise of the web. Less than 20 years old, Endurance serves approximately 3.4 million subscribers through a family of brands that includes Bluehost, HostGator, Domain.com, FatCow, iPower and iPage. Endurance is headquartered in Burlington, Massachusetts, has a presence in Asia and the Americas, and employs approximately 2,500 people.