Aspen Technology (NASDAQ: [[ticker:AZPN]]), a Burlington, MA-based provider of software for optimizing manufacturing, announced today that it has priced a secondary public offering of 18 million shares at $9 per share. Private equity firm Advent International is selling all of the shares, and originally expected to sell 15 million shares, Aspen said. J.P. Morgan Securities and Deutsche Bank Securities are acting as joint book-running managers for the deal. Aspen shares had climbed more than 6 percent as of 2:00 pm today, to hit $9.93.
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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