Follow-On Offering

Technology & Services
Follow-On Offering

Summary

Baird served as a co-manager on this offering.

About

ChannelAdvisor Corporation (“ChannelAdvisor” or the “Company”) (NYSE: ECOM) recently completed a follow-on offering of 5,750,000 shares of common stock at a price of $34.00 per share, generating gross proceeds of $195.5 million. The Company offered 1,000,000 shares of common stock and the selling shareholders offered 4,750,000 shares of common stock. The Company will not receive any proceeds associated with the shares sold by the selling shareholders. The Company intends to use the net proceeds that it receives from the offering for working capital and other general corporate purposes, including further expansion of its sales and marketing capabilities and international operations.

ChannelAdvisor is a leading provider of SaaS solutions that enable its retailer and manufacturer customers to integrate, manage and optimize their merchandise sales across hundreds of online channels. The Company’s platform enables its customers to connect with new and existing sources of demand for their products, including e-commerce marketplaces such as eBay, Amazon and Newegg; search engines and comparison shopping websites, such as Google, Microsoft's Bing and Nextag; and emerging channels such as Facebook and Groupon. ChannelAdvisor’s suite of solutions provides its customers with a single, integrated user interface to manage their product listings, inventory availability, pricing optimization, search terms, data analytics and other critical functions across these channels. ChannelAdvisor is headquartered in Morrisville, North Carolina.

For additional information about this transaction, please contact:

Louis Draper (650) 858-3821
Andrew Snow (312) 609-4972
Greg Ingram (415) 627-3279
Erik Szyndlar (650) 858-3814
David Silver +44 (207) 667-8216
Robert Bartlett (650) 858-3815
Technology & Services
Follow-On Offering
Date
November 2013
Company
ChannelAdvisor Corporation
Transaction
M&A
Sectors
Technology & Services
Target Location
North America

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