Apptio Closes Initial Public Offering

Apptio, Inc. (NASDAQ: APTI) announced the closing of its initial public offering of 6,900,000 shares of Class A common stock at a price to the public of $16.00 per share, which includes the full exercise of the underwriters’ option to purchase 900,000 additional shares.
As quoted in the press release:

The company estimates net proceeds from the offering to be approximately $99.4 million, after deducting underwriting discounts and commissions and estimated offering expenses. The shares began trading on the NASDAQ Global Market under the ticker symbol “APTI” on September 23, 2016.
Goldman, Sachs & Co., J.P. Morgan Securities LLC and BofA Merrill Lynch acted as joint lead bookrunners for the offering, while Barclays Capital Inc., Jefferies LLC, RBC Capital Markets, LLC and Pacific Crest Securities, a division of KeyBanc Capital Markets Inc., acted as bookrunners.
The offering was made only by means of a prospectus forming part of the effective registration statement. Copies of the final prospectus related to the offering may be obtained from Goldman, Sachs & Co., Attn: Prospectus Department, 200 West Street, New York, NY 10282, or by telephone at (866) 471-2526, or by e-mail at prospectus-ny@ny.email.gs.com; J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by telephone at (866) 803-9204; and BofA Merrill Lynch, NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte, NC 28255-0001, Attn: Prospectus Department, or by email at dg.prospectus_requests@baml.com.