WOBURN, Mass., Nov. 19, 2009 (GLOBE NEWSWIRE) -- LogMeIn, Inc. (Nasdaq:LOGM), a provider of on-demand, remote-connectivity solutions, today announced the pricing of 3,125,000 shares of its common stock at $18.50 per share in a secondary public offering. 99,778 shares are being offered by the Company and 3,025,222 are being offered by selling stockholders. In addition, the underwriters have a 30-day option to purchase up to 468,750 additional shares of common stock from certain selling stockholders to cover over-allotments, if any. LogMeIn will not receive any proceeds from the expected sale of the shares offered by the selling stockholders.
Joint book-running managers on the offering are J.P. Morgan Securities Inc. and Barclays Capital Inc. Thomas Weisel Partners LLC, Piper Jaffray, and RBC Capital Markets are acting as co-managers on the offering.
The offering is being made only by means of a prospectus, copies of which may be obtained from J.P. Morgan Securities Inc., Attention: Broadridge Financial Solutions at 1155 Long Island Avenue, Edgewood, New York 11717, or by telephone at 631-254-1735, or from Barclays Capital Inc., c/o Broadridge, Integrated Distribution Services, 1155 Long Island Ave., Edgewood, NY, 11717, or by calling toll-free (888) 603-5847 or by email at barclaysprospectus@broadridge.com.
A registration statement relating to shares of the common stock of LogMeIn has been 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 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.
About LogMeIn, Inc.
LogMeIn (Nasdaq:LOGM) makes it easy to connect and access remote computing devices -- desktops, laptops, point-of-sale systems, medical devices, smartphones and more -- from any internet-connected computer, including an iPhone(TM) or in-dash computer of the Ford F-150 pick-up truck. Over 25 million registered users have connected more than 70 million devices using LogMeIn for business productivity, personal mobility and IT support. LogMeIn is based in Woburn, Massachusetts, USA, with offices in Australia, Hungary and the Netherlands, and on the web at http://www.LogMeIn.com.
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