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Veeva Systems Inc. Message Board

  • troymantha troymantha Mar 26, 2014 3:02 AM Flag

    Public offering of 12,000,000 shares

    "A total of 890,000 shares are being offered by Veeva, and a total of 11,110,000 shares are being offered by certain selling stockholders. Closing of the offering is expected to occur on March 31, 2014, subject to customary closing conditions. "
    I thought the certain stockholders are not allowed to sell until the 181 day lock up period which expires next month? I guess a secondary offering is the way to beat the lockup period.
    And next month April when lockup expires, it's the top executives turn and employees to sell their shares.

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26.92+0.22(+0.82%)Jul 31 4:04 PMEDT