Cyberark Software $62 million Nasdaq capital increase

Overview:

• Israeli cyber security company Cyberark raised $60 million through a capital increase on Nasdaq . 
• Cyberark, which undertook its IPO in New York in 2014, issued 900,000 new shares at $61 each.
• Simultaneously, three Cyberark shareholders sold a total of 4 million shares for $275 million. 
• The secondary offering saw Jerusalem Venture Partners receive $195 million, Vertex Venture Capital receive $57 million, and a CyberArk director, Amnon Shoshani, receive $23 million.
• The transaction was the first capital increase by the company since its IPO, and its second secondary share offering.
• Goldman Sachs, Deutsche Bank Securities, Barclays Capital, BofA Merrill Lynch, and UBS Securities were joint bookrunners.
• William Blair & Company, Nomura Securities International, and Oppenheimer & Co were as co-managers.

Ben Naylor - Regional editor