Rally Software Announces Pricing of Follow-on Offering

BOULDER, Colo., July 25, 2013 /PRNewswire/ -- Rally® (NYSE: RALY), a leading provider of cloud-based solutions for managing Agile software development, today announced the pricing of its follow-on public offering of 4,860,397 shares of its common stock at a price to the public of $24.75 per share.  Rally is offering 250,000 shares of common stock and certain existing stockholders of Rally are offering 4,610,397 shares of common stock.  In addition, the underwriters of the offering have been granted a 30-day option to purchase from the selling stockholders up to an additional 729,058 shares of common stock, on the same terms and conditions.  Rally will not receive any proceeds from the sale of the shares by the selling stockholders. The primary purposes of the offering are to facilitate an orderly distribution of shares by the selling stockholders, increase the company's public float and increase the company's financial flexibility. 

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

A registration statement relating to these securities has been filed with, and declared effective by, the U.S. Securities and Exchange Commission.  The offering of these securities is being 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, when available, 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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http://www.rallydev.com

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