Rally Software Announces Closing of Follow-on Offering and Full Exercise of Underwriters' Option to Purchase Additional Shares

BOULDER, Colo., July 30, 2013 /PRNewswire/ -- Rally® (NYSE: RALY), a leading provider of cloud-based solutions for managing Agile software development, today announced the closing of its previously announced follow-on public offering of 5,589,455 shares of its common stock at a price to the public of $24.75 per share, which included 729,058 shares of common stock sold by certain stockholders of Rally upon the exercise in full of the underwriters' option to purchase additional shares.  Rally sold 250,000 shares of common stock in the offering and the selling stockholders sold 5,339,455 shares of common stock in the offering. 

Deutsche Bank Securities Inc. and Piper Jaffray & Co. acted as joint book-running managers for the offering.  Needham & Company, LLC, JMP Securities LLC, William Blair & Company, L.L.C. and Wunderlich Securities, Inc. acted as co-managers for the offering.

A registration statement relating to these securities was filed with, and declared effective by, the U.S. Securities and Exchange Commission.  The offering was made only by means of a prospectus, which is part of the effective registration statement.  Copies of the final prospectus related to the offering may be obtained from Deutsche Bank Securities Inc., Attention: Prospectus Department, at 60 Wall Street, New York, New York 10005-2836, via telephone at (800) 503-4611 or email at prospectus.cpdg@db.com; or from Piper Jaffray & Co., Attention: Prospectus Department, 800 Nicollet Mall, J12S03, Minneapolis, MN 55402, via telephone at (800) 747-3924 or email at prospectus@pjc.com.

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.

SOURCE Rally Software



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