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Investing

Infoblox Insiders File to Cash Out in Secondary Offering

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By Jon C. Ogg Updated Published
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Infoblox Inc. (NYSE: BLOX) has only been public since April, and we are already getting its preliminary filing that would allow for more shares to be sold by insiders. The company filed an S-1 registration statement the Securities and Exchange Commission, which is not yet effective, to allow insiders to sell shares via a secondary offering. As you would expect from almost all insider-secondaries, Infoblox will not receive any proceeds from the sale of the shares.

Morgan Stanley and Goldman Sachs are named as the lead joint book-running managers for the offering. UBS Securities is set to be the joint book-running manager, and co-managers are listed as Pacific Crest Securities, JMP Securities and Stephens Inc.

When Infoblox went public, it was a hot IPO, and it was before the “sell in May and go away” theme took hold. Its $16 per share pricing was above the $12 to $14 range, and shares closed up above $21 after the IPO.

Infoblox shares closed at $22.17 on Tuesday, and the post-IPO range has been $16.80 to $24.15.

JON C. OGG

Contact [email protected] for any questions or corrections.

Disclaimer: Energy Exploration Technologies, Inc. ("EnergyX") has engaged 24/7 Wall St to publish this communication in connection with EnergyX's ongoing Regulation A offering. 24/7 Wall St has been paid in cash and may receive additional compensation. 24/7 Wall St and/or its affiliates do not currently hold securities of EnergyX.

This compensation and any current or future ownership interest could create a conflict of interest. Please consider this disclosure alongside EnergyX's offering materials. EnergyX's Regulation A offering has been qualified by the SEC. Offers and sales may be made only by means of the qualified offering circular. Before investing, carefully review the offering circular, including the risk factors. The offering circular is available at invest.energyx.com/.

Comparisons to other companies are for informational purposes only and should not imply similar results. Past performance is not indicative of future results. Market shortfall are forward‑looking estimates and are subject to substantial uncertainty. Investments in private placements, and start-up investments in particular, are long-term, illiquid, speculative and involve a high degree of risk and those investors who cannot afford to lose their entire investment should not invest in start-ups

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About the Author Jon C. Ogg →

Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.

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