Coupa Software Incorporated announced the pricing of its initial public offering of 7,400,000 shares of its common stock at a price to the public of $18.00 per share. The shares are expected to begin trading on the NASDAQ Global Market on October 6, 2016 under the ticker symbol “COUP.” The offering is expected to close on October 12, 2016, subject to customary closing conditions.
Coupa has granted the underwriters a 30-day option to purchase up to 1,110,000 additional shares to cover over-allotments, if any.
About Coupa Software Incorporated
Coupa Software Incorporated provides a unified, cloud-based spend management platform that connects organizations with suppliers globally. Coupa’s platform delivers “Value as a Service” by helping businesses maximize their spend under management, achieve significant cost savings and drive profitability.
