Initial Public Offering

Technology & Services
Initial Public Offering

Summary

Baird served as a co-manager in this offering.

About

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:

John Moriarty (650) 858-3811
Louis Draper (650) 858-3821
Erik Szyndlar (650) 858-3814
Greg Ingram (415) 627-3279
Technology & Services
Initial Public Offering
Date
June 2012
Company
Exa Corporation
Transaction
M&A
Sectors
Technology & Services
Target Location
North America

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