RealPage Inc priced its follow-on public offering of 7.0 million common shares at $57.00 per share, before underwriting discounts.
The offering is expected to close on or about May 29. Underwriters have a 30-day option to purchase up to 1,050,000 additional common shares.
The software and data analytics provider plans to use the net proceeds to repay debt under its revolving facility and for general corporate purposes. Proceeds may also be used for acquisitions of, or investments in, technologies, solutions or other businesses that complement its business.
Morgan Stanley & Co. LLC, JPMorgan Securities LLC, Wells Fargo Securities LLC and RBC Capital Markets LLC are acting as joint book runners for the offering. JMP Securities LLC, KeyBanc Capital Markets Inc. and Fifth Third Securities Inc. are acting as co-managers.
