RingCentral Prices Offering Of 7.20 Mln Shares At $21.50 Per Share - Quick Facts

(RTTNews) - RingCentral Inc. (RNG), a provider of cloud business communications solutions, announced the pricing of its underwritten public offering of 7.20 million shares of Class A common stock at a price to the public of $21.50 per share.

Of the public offering of 7.20 million shares, 2.00 million shares being sold by the company and 5.20 million shares being sold by selling stockholders.

In addition, the company has granted the underwriters a 30-day option to purchase up to 1.08 million additional shares of Class A common stock. RingCentral will not receive any of the proceeds from the sale of the shares being sold by the selling stockholders.