WELLESLEY HILLS, Mass.--(BUSINESS WIRE)--Oct. 4, 2012--
Fleetmatics, a leading global provider of fleet management solutions for
commercial fleet vehicles, today announced the pricing of its initial
public offering of 7,812,500 shares of its common stock at a price to
the public of $17.00 per share. The shares are expected to begin trading
on the New York Stock Exchange on October 5, 2012 under the symbol
"FLTX." Fleetmatics is offering 6,250,000 shares of common stock and
selling stockholders are offering 1,562,500 shares of common stock. In
addition, the selling stockholders have granted the underwriters a
30-day option to purchase up to 1,171,875 additional shares of common
Barclays and BofA Merrill Lynch are acting as joint book-running
managers for the offering. RBC Capital Markets, Stifel Nicolaus Weisel,
and William Blair are acting as co-managers.
A registration statement related to these securities has been filed
with, and declared effective by, the Securities and Exchange Commission.
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 or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
The offering will be made only by means of a written prospectus forming
part of the effective registration statement. Copies of the prospectus
related to the offering may be obtained from Barclays, c/o Broadridge
Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717,
or by calling (888) 603-5847 or by emailing firstname.lastname@example.org
or from BofA Merrill Lynch, Attn: Prospectus Department, 222 Broadway,
New York, NY 10038, or by emailing email@example.com.
Fleetmatics is a leading global provider of fleet management solutions
for small and medium-sized businesses delivered as software-as-a-service
(SaaS). Our solutions enable businesses to meet the challenges
associated with managing local fleets, and improve the productivity of
their mobile workforces, by extracting actionable business intelligence
from real-time and historical vehicle and driver behavioral data.
Fleetmatics' intuitive, cost-effective Web-based solutions provide fleet
operators with visibility into vehicle location, fuel usage, speed and
mileage, and other insights into their mobile workforce, enabling them
to reduce operating and capital costs, as well as increase revenue.
Fleetmatics serves more than 16,000 customers, tracking more than
280,000 vehicles worldwide.
Fleetmatics' solutions are marketed and sold under both the Fleetmatics
and SageQuest brands.
ICR Inc. on behalf of Fleetmatics
Potter, (646) 277-1230
Andrew Kraynak, Sr. Director of
Marketing Communications, (888) 837-7243 x3328