REDWOOD CITY, Calif., Oct. 2, 2014 (GLOBE NEWSWIRE) -- Yodlee, Inc. (Nasdaq:YDLE), a leading technology and applications platform powering dynamic innovation for digital financial services in the cloud, today announced the pricing of its initial public offering of 6,250,000 shares of its common stock at a price of $12.00 per share. All of the common stock is being offered by Yodlee. In addition, Yodlee has granted the underwriters a 30-day option to purchase up to 937,500 additional shares of common stock from Yodlee at the initial public offering price. The shares are expected to begin trading on The NASDAQ Global Select Market on October 3, 2014 under the symbol "YDLE".
Goldman, Sachs & Co. and Credit Suisse Securities (USA) LLC are the lead bookrunning managers for the offering. BofA Merrill Lynch and UBS Investment Bank are joint bookrunning managers for the offering. Pacific Crest Securities LLC is acting as co-manager.
A registration statement relating 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 jurisdiction.
The offering will be made only by means of a prospectus. Copies of the final prospectus related to the offering may be obtained, when available, from Goldman, Sachs & Co., Attn: Prospectus Department, 200 West Street, New York, NY 10282, telephone: 866-471-2526, e-mail: firstname.lastname@example.org, or from Credit Suisse Securities (USA) LLC, Attn: Prospectus Department, at One Madison Avenue, New York, NY 10010, by telephone at (800) 221-1037 or by email at email@example.com.