Business
F-1 Eighth Amendment
F-1 Eighth Amendment.
About this update from Velocity Composites Plc
[{"type":"text","content":"\n RNS Number : 3338Z Velti PLC 12 January 2011 \n \n\n \nFor Immediate Release January 12, 2011\nVelti Plc(\"Velti\" or the \"Company\")\nVelti Files Eighth Amendment to Form F-1\nDublin, Ireland - Velti plc ('Velti' or 'the Company'), a leading mobile marketing and advertising technology provider for brands, advertising agencies, mobile operators and media, today announced that it has filed a Eighth amendment to its registration statement on Form F-1 previously filed with the United States Securities and Exchange Commission and is commencing its proposed initial public offering of its ordinary shares.\nThe offering will consist of 11,092,300 ordinary shares to be sold by the company and 1,425,708 ordinary shares to be sold by certain of its shareholders, at an estimated price range of $9.00 to $11.00 per share. The underwriters have the option to purchase from the company and the selling shareholders up to an additional 1,407,700 and 470,000 ordinary shares respectively, on the same terms and conditions, to cover over-allotments, if any.\nJefferies & Company, Inc. will act as sole book-running manager for the offering with RBC Capital Markets Corporation and Needham & Company, LLC acting as co-lead managers, and Cannacord Genuity and ThinkEquity LLC acting as co-managers. \nA registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. This release shall not con...