BOSTON, Aug. 10, 2011 — Carbonite, Inc. (the "Company") announced today the pricing of its initial public offering of 6,250,000 shares of its common stock at a price to the public of $10.00 per share. The Company is offering 5,366,473 shares of common stock and certain selling stockholders are offering an aggregate of 883,527 shares of common stock. In addition, the Company has granted the underwriters a 30-day option to purchase up to an additional 937,500 shares of common stock from the Company to cover over-allotments, if any. The Company will not receive any proceeds from shares of common stock to be sold by the selling stockholders. The offering is expected to close on August 16, 2011, subject to certain customary closing conditions. The shares of common stock will trade on the Nasdaq Global Market under the symbol "CARB."
BofA Merrill Lynch and J.P. Morgan Securities LLC are acting as joint book-running managers for the offering. William Blair & Company, LLC, Canaccord Genuity Inc., Oppenheimer & Co. Inc. and Pacific Crest Securities Inc. are acting as co-managers.
The offering is being made only by means of a prospectus. Copies of the prospectus relating to the offering may be obtained from BofA Merrill Lynch, 4 World Financial Center, New York, NY 10080, Attn: Prospectus Department or by email at firstname.lastname@example.org; or from J.P. Morgan Securities LLC, Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, or by telephone at (866) 803-9204.
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 these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Carbonite is a leading provider of online backup solutions for consumers and small and medium sized businesses. More than 1 million subscribers in over 100 countries rely on Carbonite to provide easy-to-use, affordable, unlimited and secure online backup solutions with anytime, anywhere data access. Carbonite's online backup solution runs on both the Windows and Mac platforms. The company has backed up more than 100 billion files, restored more than 7 billion files and currently backs up more than 200 million files each day. For more information, please visit www.carbonite.com, twitter.com/carbonite, or facebook.com/CarboniteOnlineBackup.