BURLINGTON, Mass., June 27, 2012 (GLOBE NEWSWIRE) -- Exa Corporation (Nasdaq:EXA) today announced the pricing of its initial public offering of 6,250,000 shares of its common stock at a price to the public of $10.00 per share. The shares are expected to begin trading on the NASDAQ Global Market on June 28, 2012 under the symbol "EXA." Of the shares in the offering, 4,166,667 shares are being offered by the company and 2,083,333 shares are being offered by selling shareholders. The selling stockholders have granted the underwriters a 30-day option to purchase up to an additional 937,500 shares at the initial public offering price to cover over-allotments, if any.
Stifel Nicolaus Weisel is acting as the sole book-running manager for the offering and Robert W. Baird & Co., Canaccord Genuity and Needham & Company are acting as co-managers.
The offering will be made only by means of a prospectus. Copies of the final prospectus, when available, may be obtained by visiting the SEC website at www.sec.gov or from Stifel, Nicolaus & Company, Incorporated, One Montgomery Street, Suite 3700, San Francisco, California 94104, or by calling 415-364-2720.
A registration statement relating to these securities has been filed with, and declared effective by, the Securities and Exchange Commission. 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.
The Exa Corporation logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=13489