Ellie Mae Announces IPO

by 30 Mar 2011
 PLEASANTON, Calif., Apr 14, 2011 (BUSINESS WIRE) -- Ellie Mae, Inc. announced today the pricing of its initial public offering of 7,500,000 shares of its common stock at a public offering price of $6.00 per share. The common stock will begin trading on April 15, 2011 on the NYSE Amex under the symbol ELLI. Ellie Mae is offering 5,000,000 shares of common stock and certain selling stockholders are offering 2,500,000 shares of common stock. In addition, the selling stockholders have granted the underwriters a 30-day option to purchase up to an additional 1,125,000 shares at the initial public offering price. Ellie Mae will not receive any proceeds from the sale of shares by the selling stockholders. Barclays Capital Inc. is acting as the sole book runner for the offering. William Blair & Company L.L.C., Piper Jaffray & Co. and Morgan Keegan & Company are acting as co-managers. The initial public offering is being made only by means of a prospectus. Copies of the final prospectus, when available, may be obtained from Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, via telephone 1-888-603-5847 or by emailing barclaysprospectus@broadridge.com. A registration statement relating to these shares of Ellie Mae common stock filed with the U.S. Securities and Exchange Commission has been declared effective on April 14, 2011. Copies of the registration statement can be accessed through the SEC's website at http://www.sec.gov. 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 the shares of Ellie Mae's common stock in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. About Ellie Mae Ellie Mae provides enterprise mortgage origination technology solutions for mortgage bankers, mortgage brokers, community banks, credit unions and other mortgage lenders. SOURCE: Ellie Mae, Inc.



Is TILA-RESPA a good or bad thing long term?