TEL AVIV, Israel, Feb. 20, 2014 (GLOBE NEWSWIRE) -- Wix.com Ltd. (Nasdaq:WIX) announced today that J.P. Morgan Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated, the lead book-running managers in the Company's recent public sale of 7,700,000 ordinary shares, are releasing a lock-up restriction with respect to 91,803 of the Company's ordinary shares held by a former director of the Company who left the Company's board of directors prior to the Company's initial public offering. The release will take effect on February 25, 2014, and the shares may be sold on or after such date.
This press release is being issued pursuant to FINRA Rule 5131(d)(2)(B) which requires the issuance of a press release two business days prior to the release or waiver of any lock-up restriction that applies to shares of a current or former director or officer.
This press release is not an offer for sale of the securities in the United States or in any other jurisdiction where such offer is prohibited, and such securities may not be offered or sold in the United States absent registration or an exemption from registration under the United States Securities Act of 1933, as amended.
About Wix.com Ltd.
Wix.com is a leading cloud-based web development platform with over 42 million registered users worldwide, as of December 31, 2013. Wix was founded on the belief that the Internet should be accessible to everyone to develop, create and contribute. Through free and premium subscriptions, Wix empowers millions of businesses, organizations, professionals and individuals to take their businesses, brands and workflow online. The Wix Editor and highly curated App Market enable users to build and manage a fully integrated and dynamic digital presence. Wix's headquarters are in Tel Aviv with offices in San Francisco, New York, Vilnius and Dnepropetrovsk.