AVG Technologies Announces Filing for Proposed Initial Public Offering
AMSTERDAM and NEW YORK, Jan. 13, 2012 /PRNewswire/ -- AVG Technologies N.V. today announced that it has filed a Registration Statement on Form F-1 with the U.S. Securities and Exchange Commission in connection with the proposed initial public offering of its ordinary shares. AVG has applied to list its ordinary shares on the New York Stock Exchange under the symbol "AVG."
The proposed offering is expected to consist of ordinary shares of AVG, including ordinary shares to be sold by AVG and ordinary shares to be sold by certain selling shareholders. Certain selling shareholders are expected to grant the underwriters an option to purchase additional ordinary shares to cover over-allotments. The number of shares to be offered and the price range for the proposed offering have not yet been determined. AVG intends to use net proceeds from the proposed offering for general corporate purposes, which may include future acquisitions. AVG will not receive any proceeds from the sale of the ordinary shares by the selling shareholders.
The bookrunning managers for the proposed offering are Morgan Stanley & Co. LLC, J.P. Morgan Securities LLC and Goldman, Sachs & Co. Co-managers for the proposed offering are Allen & Company LLC, Cowen and Company, LLC and JMP Securities LLC.
When available, a copy of the preliminary prospectus may be obtained from Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, Second Floor, New York, NY 10014, via telephone: +1 (866) 718-1649, or by e-mail: [email protected]; J.P. Morgan Securities LLC, Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, or by telephone at +1 (866) 803-9204; or Goldman, Sachs & Co., Prospectus Department, 200 West Street, New York, NY 10282, via telephone: +1 (866) 471-2526, via facsimile: +1 (212) 902-9316, or by e-mail: [email protected].
A registration statement relating to the securities has been filed with the U.S. Securities and Exchange Commission but has not yet become effective. The securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. 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, the 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 such state or jurisdiction.
ABOUT AVG:
AVG's mission is to simplify, optimize and secure the Internet experience, providing peace of mind to a connected world. AVG's powerful yet easy-to-use software and online services put users in control of their Internet experience. By choosing AVG's software and services, users become part of a trusted global community that benefits from inherent network effects, mutual protection and support. AVG has grown its user base to approximately 106 million active users as of September 30, 2011 and offers a product portfolio that targets the consumer and small business markets and includes Internet security, PC performance optimization, online backup, mobile security, identity protection and family safety software.
CONTACTS
United States:
Jeremy Fielding/Daniel Yunger
Kekst and Company
+ 1 (212) 521-4800
Investor Relations:
Siobhan MacDermott
AVG Technologies – Investor Relations
E-mail: [email protected]
+1 (415) 299 2945
+ 420 725 695 132
SOURCE AVG Technologies N.V.
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