Salesforce.com Announces Initial Public Offering
SAN FRANCISCO (ots)
(BW)(CA-SALESFORCE.COM)(CRM) Salesforce.com Announces Initial Public Offering; Shares to Trade on the New York Stock Exchange Under Ticker Symbol ''CRM''
Business Editors/High-Tech Writers
Salesforce.com, inc. (NYSE:CRM) today announced the initial public offering of 10,000,000 shares of its common stock at a price of $11.00 per share.
Salesforce.com has also granted the underwriters an option to purchase an additional 1.5 million shares of common stock to cover over-allotments, if any. Salesforce.com's common stock will begin trading this morning on the New York Stock Exchange under the symbol 'CRM.'
Morgan Stanley is serving as the sole book runner for the offering, with Deutsche Bank Securities, UBS Investment Bank, Wachovia Securities and William Blair & Company acting as the co-managers of the offering. A copy of the final prospectus relating to the offering may be obtained from Morgan Stanley, Attn: Prospectus Department, 1585 Broadway, New York, NY 10036-6775, tel. 212-761-6775, or prospectus@morganstanley.com.
A registration statement relating to this offering was filed with and declared effective by the Securities and Exchange Commission. The offering is being made solely by means of a prospectus. 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.
ots Original Text Service: salesforce.com Internet: http://www.presseportal.de
Contact:
Joelle Fitzgerald, 415-536-6250 (Investor Relations)
jfitzgerald@salesforce.com
Jane Hynes, 415-901-5079 (Public Relations)
jhynes@salesforce.com
Original content of: Salesforce AG, transmitted by news aktuell