WOBURN, Mass., July 7, 2009 (GLOBE NEWSWIRE) -- LogMeIn, Inc. (Nasdaq:LOGM), a provider of on-demand, remote-connectivity solutions to small and medium-sized businesses, IT services providers and consumers, today announced it had closed its previously announced initial public offering of 7,666,667 shares of common stock at a public offering price of $16.00 per share. LogMeIn sold 5,750,000 shares, and selling stockholders sold the remaining 1,916,667 in the offering. The sale included all shares subject to the underwriters' over-allotment option.
Joint book-running managers for the offering were J.P. Morgan Securities Inc. and Barclays Capital Inc. Thomas Weisel Partners LLC, Piper Jaffray & Co., and RBC Capital Markets Corporation acted as co-managers on the offering.
A copy of the final prospectus for 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.