WOBURN, Mass., July 1, 2009 (GLOBE NEWSWIRE) -- LogMeIn (Nasdaq:LOGM), a provider of on-demand, remote-connectivity solutions to small and medium-sized businesses, IT services providers and consumers, today announced the initial public offering of 6,666,667 shares of its common stock at a price to the public of $16.00 per share. Of the 6,666,667 shares being offered to the public, 5,000,000 shares are being offered by LogMeIn and 1,666,667 shares are being offered by selling stockholders. In addition, the underwriters have a 30-day option to purchase up to an additional 1,000,000 shares to cover over-allotments, if any. LogMeIn's common stock is expected to begin trading on The NASDAQ Global Market under the symbol "LOGM" on July 1, 2009.
Joint book-running managers on the offering are J.P. Morgan Securities Inc. and Barclays Capital Inc. Thomas Weisel Partners LLC, Piper Jaffray & Co., and RBC Capital Markets Corporation are acting as co-managers on the offering.
A registration statement relating to this offering was filed with and declared effective by the Securities and Exchange Commission. This offering is being made solely by means of a prospectus. A copy of the prospectus relating to this offering may be obtained from J.P. Morgan Securities Inc., National Statement Processing, Prospectus Library, 4 Chase Metrotech Center, CS Level, Brooklyn, NY 11245, telephone (718) 242-8002, or from Barclays Capital Inc., c/o Broadridge, Integrated Distribution Services, 1155 Long Island Ave., Edgewood, NY, 11717, or by calling toll-free (888) 603-5847 or by email at barclaysprospectus@broadridge.com.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any 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.