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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Wed., Sep. 28, 4:30 AM

Slide #8. Mimecast Limited Secondary Offering

Company: Mimecast Limited (NASDAQ:MIME)
Date announced: 9/26/2016
Shares Offered: 4,000,000
Secondary Offering Details: Mimecast Limited (NASDAQ: MIME), a leading provider of next generation cloud security and risk management services for corporate information and email, today announced the launch of a registered secondary public offering of 4,000,000 ordinary shares. The underwriters have a 30-day option to purchase up to an additional 600,000 ordinary shares at the public offering price. All of the shares are being sold by Mimecast's shareholders. Mimecast will not receive any proceeds from the sale of these shares.

Mimecast is a provider of next generation cloud security and risk management services for corporate information and email. Co.'s fully-integrated suite of proprietary cloud services protects customers of all sizes from the business and data security risks to which their email system exposes them. Co. also mitigates the significant business disruption that email failure or downtime causes. In addition, Co.'s archiving services secure, store and manage critical corporate communications and information to address growing compliance and e-discovery requirements and enable customers to use this increasing archive of information to improve employee productivity.
Open the MIME Page at The Online Investor »

Company Name:  Mimecast Ltd
Website:  www.mimecast.com
Sector:  Application Software
Number of ETFs Holding MIME:  1
Total Market Value Held by ETFs:  $464548
Total Market Capitalization:  $880.00M
% of Market Cap. Held by ETFs:  0.05%
 

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

September 28, 2016    4:30 AM Eastern
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Strong Buy (3.60 out of 4)
74th percentile
(ranked higher than approx. 74% of all stocks covered)
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