Here's the Deal
 

Baird's Investment Banking Group is pleased to announce the following transaction:

June 2012


Exa Corporation
Initial Public Offering
$62.5 Million


Baird served as a co-manager in this offering.


Exa Corporation (“Exa” or the “Company”) (NASDAQ: EXA) recently completed an initial public offering of 6,250,000 common shares at a price of $10.00 per share, generating gross proceeds of $62.5 million. The Company sold 4,166,667 shares with the remainder sold by selling shareholders. The Company will not receive any proceeds associated with the shares sold by the selling shareholders. Exa intends to use the net proceeds from the shares sold by the Company for general corporate purposes, including working capital, potential repayment of debt and potential acquisitions.

Exa develops, sells and supports simulation software and services that vehicle manufacturers use to enhance the performance of their products, reduce product development costs and improve the efficiency of their design and engineering processes. The Company's solutions enable their customers to augment or replace inefficient and expensive methods of evaluating alternative designs, such as wind tunnel testing using physical prototypes, with accurate digital simulations that are more useful and timely. Based on feedback and published data from customers, Exa believes the use of the Company’s software solutions enables significant cost savings and fundamental improvements in customers’ vehicle development processes by allowing their engineers and designers to gain crucial insights about design performance early in the design cycle. Exa is headquartered in Burlington, Massachusetts.

For additional information about this transaction, please contact:
Managing Director
(650) 858-3811

Managing Director
(650) 858-3821
Co-Head, Equity Capital Markets
(415) 627-3279
Vice President
(650) 858-3814

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