E2open, Inc. raised $70.3 million in its initial public offering at $15.00 per share. Needham acted as a co-manager on the transaction. The net proceeds from the sale of the shares will be used by E2open, Inc. for general corporate purposes, working capital, acquisitions, and potential debt pay-down.
E2open, Inc. (NASDAQ: EOPN) is a leading provider of cloud-based, on-demand software solutions enabling enterprises to procure, manufacture, sell, and distribute products more efficiently through collaborative execution across global trading networks. Brand owners use E2open solutions to gain visibility into and control over their trading networks through the real-time information, integrated business processes, and advanced analytics that E2open provides. E2open customers include Celestica, Cisco, Dell, HGST, IBM, L'Oréal, LSI, Motorola Solutions, Seagate, and Vodafone. E2open is headquartered in Foster City, California with operations worldwide.