Mimecast Limited (MIME) IPO Opens Higher, Trends Lower

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Mimecast Limited Announces Pricing of Initial Public Offering

November 18, 2015 8:10 PM EST

WATERTOWN, Mass.--(BUSINESS WIRE)-- Mimecast Limited today announced the pricing of its initial public offering of 7,750,000 ordinary shares at a price to the public of $10 per share. All of the shares are being offered by Mimecast. In addition, Mimecast has granted the underwriters a 30-day option to purchase up to an additional 591,000 shares from the company, and up to an additional 571,500 shares from certain selling shareholders. The shares are scheduled to begin trading on the Nasdaq Global Select Market under the ticker symbol MIME on November 19, 2015. The offering is expected to close on November 24, 2015.

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