Windsor, CT’s SS&C Technologies Holdings, a financial services software provider, has priced its initial public offering of 10.725 million shares at $15 a share, the high end of the range it proposed earlier this month. The company, which will trade on the NASDAQ Global Select Market as SSNC, sold 8.225 million shares and certain stockholders sold 2.5 million shares in the deal, which is worth nearly $161 million in total, according to a regulatory filing. Underwriters of the deal, led by JP Morgan, have the option to purchase an additional 1.609 million shares to cover over-allotments.
Author: Erin Kutz
Erin Kutz has a background in covering business, politics and general news. She holds a bachelor’s degree in journalism from Boston University. Erin previously worked in the Boston bureau of Reuters, where she wrote articles on the investment management and mutual fund industries. While in college, she researched for USA Today reporter Jayne O’Donnell’s book, Gen Buy: How Tweens, Teens and Twenty-Somethings Are Revolutionizing Retail. She also spent a semester in Washington, DC, reporting Capitol Hill stories as a correspondent for two Connecticut newspapers and interning in the Money section of USA Today, where she assisted with coverage on the retail and small business beats. Erin got her first taste of reporting at Boston University’s independent student newspaper, as a city section reporter and fact checker and editor of the paper’s weekly business section.
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