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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Sat., Mar. 28, 5:20 AM

Slide #17. Zendesk Secondary Offering

Company: Zendesk (NYSE:ZEN)
Date announced: 3/19/2015
Shares Offered: 8,530,000
Date of Pricing: 3/19/2015
Price Per Share: $22.75
Secondary Offering Details: Zendesk, Inc. (NYSE:ZEN) today announced the pricing of a follow-on offering of 8,530,000 shares of its common stock at a price to the public of $22.75 per share. Zendesk is offering 7,500,000 shares and selling stockholders are offering 1,030,000 shares. In addition, Zendesk has granted the underwriters a 30-day option to purchase up to an additional 1,279,500 shares of common stock from Zendesk. Zendesk will not receive any proceeds from the sale of shares by the selling stockholders.

Zendesk is a software development company that provides a software-as-a-service customer service platform. Co. helps organizations to better answer customers' questions, and to solve their problems through the channels that people use every day when seeking help, such as email, chat, voice, social media, and websites. Its platform also helps people find answers on their own through knowledge bases and communities, capitalizing on the increasing customer preference for self-service. Its customer engagement capabilities allow organizations to proactively serve their customers, reaching out to those who may need help and soliciting feedback about their experience.
Open the ZEN Page at The Online Investor »

Company Name:  Zendesk Inc
Sector:  Application Software
Number of ETFs Holding ZEN:  13
Total Market Value Held by ETFs:  $7.79M
Total Market Capitalization:  $1.69B
% of Market Cap. Held by ETFs:  0.46%

Open the ZEN Page at The Online Investor (in a new window) »

March 28, 2015    5:20 AM Eastern
Quotes delayed 20 minutes

Buy (3.33 out of 4)
64th percentile
(ranked higher than approx. 64% of all stocks covered)
Based on Zacks ABR data;
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