CHICAGO -- (BUSINESS WIRE) -- Envestnet, Inc. (NYSE:ENV), a leading provider of unified wealth management technology and services to investment advisors, announced today the pricing of a public offering on behalf of selling stockholders of 5,045,215 shares of common stock at a public offering price of $29.25 per share. The Company will not receive any proceeds from the sale of shares by the selling stockholders. In addition, one of the selling stockholders has granted the underwriters an option to purchase up to 756,782 shares to cover the underwriters’ over-allotments, if any.
William Blair and Stifel are acting as joint book-running managers of the offering and BMO Capital Markets, Sandler O’Neill + Partners, L.P., Sterne Agee, Avondale Partners, Barrington Research Associates and Sidoti & Company, LLC are acting as co-managers.
A registration statement relating to these securities has been filed with and declared effective by the Securities and Exchange Commission. This 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 jurisdiction.
The offering of these securities will be made only by means of a prospectus, copies of which may be obtained from the offices of either: William Blair & Company, L.L.C., Attention: Prospectus Department, 222 West Adams Street, Chicago, Illinois 60606, or by calling toll-free 1-800-621-0687 or Stifel, Nicolaus & Company, Incorporated, One Montgomery Street, Suite 3700, San Francisco, California 94104, Telephone: 415-364-2720. Electronic copies of the prospectus are available on the Securities and Exchange Commission's website at www.sec.gov.
About Envestnet, Inc.
Envestnet, Inc. (NYSE:ENV) is a leading provider of unified wealth management technology and services to investment advisors. Its open-architecture platforms unify and fortify the wealth management process, delivering unparalleled flexibility, accuracy, performance and value. Envestnet solutions enable the transformation of wealth management into a transparent, independent, objective and fully-aligned standard of care, and empower advisors to deliver better results.
Envestnet's Advisor Suite® software empowers financial advisors to better manage client outcomes and strengthen their practice. Envestnet provides institutional-quality research and advanced portfolio solutions through its Portfolio Management Consultants group, Envestnet | PMC®. Envestnet | Tamarac provides leading rebalancing, reporting and practice management software.
For more information on Envestnet, please visit www.envestnet.com.
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