Thursday, September 24, 2015

Q2 Launches Roadshow For Follow-on Offering

Austin-based Q2 Holdings, the developer of cloud-based banking and finance software, said late Wednesday that it has launched the roadshow for its proposed follow-on-offering. Q2 is hoping to sell a total of 3,798,996 shares of the company's stock. Only a small portion, 853,409 shares, are being sold by Q2; the remainder is being sold by the company's current stockholders. Q2 trades on the NYSE as QTWO, and had its IPO back in March of 2014. Companies like Q2 typically use follow on offerings to provide orderly and controlled liquidity to the company's early, private backers after an IPO; this is the second follow on offering for Q2.