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Coupa Software Announces Pricing of Upsized Follow-on Offering

SAN MATEO, Calif., April 11, 2017 (GLOBE NEWSWIRE) -- Coupa Software Incorporated (NASDAQ:COUP), a leader in cloud-based spend management, today announced the pricing of its upsized underwritten public offering of 4,407,029 shares of its common stock at a price to the public of $25.25 per share. A total of 298,564 shares are being offered by Coupa and a total of 4,108,465 shares are being offered by certain selling stockholders. Closing of the offering is expected to occur on April 18, 2017, subject to customary closing conditions. Coupa will not receive any proceeds from the sale of the shares by the selling stockholders. In addition, Coupa has granted the underwriters a 30-day option to purchase up to an additional 661,054 shares of common stock from Coupa at the public offering price less the underwriting discount.

The offering will be made only by means of a prospectus. Copies of the preliminary prospectus related to the offering may be obtained, when available, from Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014; from J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by telephone at 866-803-9204 or by email at prospectus-eq_fi@jpmchase.com; from Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by telephone at 1-888-603-5847, or by email at Barclaysprospectus@broadridge.com; or from RBC Capital Markets, LLC, Attention: Equity Syndicate, 200 Vesey Street, 8th Floor, New York, NY 10281-8098, or by email to equityprospectus@rbccm.com, or by telephone at (877) 822-4089.

A registration statement relating to these securities has been filed with the SEC and was declared effective on April 11, 2017. 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.

About Coupa Software

Coupa Software is the cloud platform for business spend. We deliver “Value as a Service” by helping our customers maximize their spend under management, achieve significant cost savings and drive profitability. Coupa provides a unified, cloud-based spend management platform that connects hundreds of organisations representing the Americas, EMEA, and APAC with millions of suppliers globally.

Investor Relations: The Blueshirt Group for Coupa Cynthia Hiponia or Erin Rheaume 650-485-8603 ir@coupa.com Media Contact: Global Public Relations Orlando De Bruce 650-485-8629 orlando.debruce@coupa.com

Source:Coupa Software