Rally Software Announces Closing of its Initial Public Offering and Full Exercise of Underwriters' Option to Purchase Additional Shares

BOULDER, Colo., April 17, 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 initial public offering of 6,900,000 shares of its common stock at a price to the public of $14.00 per share, which included 900,000 shares of common stock issued upon the exercise in full of the underwriters' option to purchase additional shares.

The shares began trading on the New York Stock Exchange on April 12, 2013 under the ticker symbol "RALY."

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

The offering is being made only by means of a prospectus. A copy of the final prospectus related to the offering may be obtained, when available, from Deutsche Bank Securities Inc., at 60 Wall Street, New York, New York 10005, Attention: Prospectus Department, by calling (800) 503-4611, or by e-mailing prospectus.cpdg@db.com; or from Piper Jaffray & Co., Attention: Prospectus Department, 800 Nicollet Mall, J12S03, Minneapolis, Minnesota 55402 or by telephone at (800) 747-3924, or by e-mailing a request to prospectus@pjc.com.

A registration statement relating to these securities has been filed with, and declared effective by, the Securities and Exchange Commission. 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 an 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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http://www.rallydev.com

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