Monotype Imaging Holdings (NASDAQ: TYPE) has filed to sell securities for selling stockholders, whom are offering 6 million shares for a proposed maximum share price of $14.60. The total maximum proposed aggregate offering price is $100.74 million. As the offering is being made by stockholders, the company will not receive any proceeds from the offering.
The lead book-runners for the transaction are listed as JPMorgan and Banc of America Sercuities. William Blair & Company, Canaccord Adams, Jefferies & Company, and Needham & Company were listed as co-managers.
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Shares for the text imaging solutions company are down 6% to $14.61 in early morning trading. The 52-week range is $11.01 to $17.69.
April 2, 2008