WOBURN, Mass., Nov. 6, 2009 (GLOBE NEWSWIRE) -- LogMeIn, Inc. (Nasdaq:LOGM), a provider of on-demand, remote-connectivity solutions, today announced that it has filed a registration statement with the U.S. Securities and Exchange Commission for a proposed offering of 3,000,000 shares of common stock, of which up to 100,000 are expected to be offered by the Company and 2,900,000 are expected to be offered by selling stockholders. In addition, the underwriters will have a 30-day option to purchase up to 450,000 additional shares of common stock from the selling stockholders to cover over-allotments, if any.
LogMeIn will not receive any proceeds from the expected sale of the shares offered by the selling stockholders.
Joint book-running managers on the offering are J.P. Morgan Securities Inc. and Barclays Capital Inc.
When available, a copy of the preliminary prospectus may be obtained from J.P. Morgan Securities Inc., Attention: Broadridge Financial Solutions at 1155 Long Island Avenue, Edgewood, New York 11717, or by telephone at 631-254-1735, or from Barclays Capital Inc., c/o Broadridge, Integrated Distribution Services, 1155 Long Island Ave., Edgewood, NY, 11717, or by calling toll-free (888) 603-5847 or by email at firstname.lastname@example.org.
A registration statement relating to these securities has been filed with the SEC, but has not yet become effective. These 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 these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
The LogMeIn, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=6574
CONTACT: Blueshirt Group Investors Erica Abrams 415-217-5864 email@example.com Brinlea Johnson 212-551-1453 firstname.lastname@example.org Matthew Hunt 415-489-2194 email@example.com LogMeIn, Inc. Press Trip Kucera 781-897-0696 Press@LogMeIn.com
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