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LogMeIn Inc. (Nasdaq: LOGM), a Woburn, Mass.-based provider of user remote connectivity and support services, has filed to sell\u00a0three million shares of common stock. The value would be nearly $60 million, based on Wednesday’s closing share price of $19.90 per share.<\/p>\n
LogMeIn itself will sell 100,000 shares, with the remainder being offered by existing shareholders. Company backers include Prism VentureWorks (17.55%), Polaris Venture Partners (13.24%), 3TS Capital Partners (8.98%), Integral Capital Partners (5.05%) and Intel Capital.<\/p>\n
The company raised $106.7 million via its IPO in late June, pricing at $16 per share.<\/p>\n
ShareThis<\/a><\/p>\n LogMeIn Inc. (Nasdaq: LOGM), a Woburn, Mass.-based provider of user remote connectivity and support services, has filed to sell\u00a0three million shares of common stock. The value would be nearly $60 million, based on Wednesday’s closing share price of $19.90 per share. LogMeIn itself will sell 100,000 shares, with the remainder being offered by existing shareholders. […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-37450","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/37450","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=37450"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/37450\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=37450"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=37450"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=37450"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}<\/img><\/a>
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