SoundBite Communications Prices Initial Public Offering
Bedford, MA, November 1, 2007 – SoundBite Communications announced today the pricing of its initial public offering of 5,202,022 shares of its common stock at $8.00 per share. Of the 5,202,022 shares being sold in the offering, 4,717,022 shares were offered by SoundBite and 485,000 shares were offered by selling stockholders. The underwriters have a 30-day option to purchase up to 780,303 additional shares of common stock from SoundBite to cover over-allotments, if any.
Shares of SoundBite’s common stock are expected to begin trading on The NASDAQ Global Market on November 1, 2007 under the symbol “SDBT." The offering is expected to close on November 6, 2007.
SoundBite intends to use its net proceeds of the offering for working capital and other general corporate purposes, including the repayment of outstanding indebtedness. It will not receive any proceeds from the sale of common stock by the selling stockholders.
The shares are being sold through underwriters led by Cowen and Company, LLC and Thomas Weisel Partners LLC, as joint bookrunning managers, and Needham & Company, LLC, Cantor Fitzgerald & Co. and America’s Growth Capital, as co-managers. The final prospectus for the offering may be obtained from Cowen and Company, LLC Prospectus Department at ADP, 1155 Long Island Avenue, Edgewood, New York 11717, phone number 631-254-7106, or Thomas Weisel Partners LLC, One Montgomery Street, Suite 3700, San Francisco, California 94104, phone number 415-364-2500.
About SoundBite Communications
SoundBite Communications is a leading provider of on-demand automated voice messaging solutions.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor will 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.
(SDBT-F)