SOURCE: Cyan

Cyan

May 08, 2013 20:09 ET

Cyan Announces Pricing of Initial Public Offering

PETALUMA, CA--(Marketwired - May 8, 2013) - Cyan, Inc. (NYSE: CYNI), a leading provider of software-defined networking (SDN) and packet-optical platforms for network operators, today announced the pricing of its initial public offering of 8,000,000 shares of common stock at $11.00 per share. The shares are expected to begin trading on The New York Stock Exchange on May 9, 2013 under the symbol CYNI. Cyan is selling all of the shares being sold in the offering. The underwriters have been granted a 30-day option to purchase up to an additional 1,200,000 shares of common stock from Cyan at the initial public offering price.

Goldman, Sachs & Co. and J.P. Morgan Securities LLC are acting as lead joint book-running managers for the offering. Jefferies LLC is acting as a book-running manager, and Pacific Crest Securities LLC is acting as a co-manager.

A registration statement relating to these securities was declared effective by the Securities and Exchange Commission on May 8, 2013. This offering is being made solely by means of a prospectus, copies of which may be obtained from: Goldman, Sachs & Co., Attention: Prospectus Department, 200 West Street, New York, NY 10282, or by telephone at 1-866-471-2526; or J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by telephone at 1-866-803-9204.

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.

Contact Information

  • For Cyan Investor Relations inquiries, please contact:

    Bonnie McBride
    Vice President, Investor Relations
    +1 707.283.2850
    Email Contact