Ellie Mae Announces Pricing of IPO

Ellie Mae Inc. has announced the pricing of its initial public offering (IPO) of 7,500,000 shares of its common stock at a public offering price of $6 per share. The common stock will begin trading on Friday, April 15, 2011 on the New York Stock Exchange (NYSE) Amex under the symbol ELLI. Ellie Mae is offering five million shares of common stock and certain selling stockholders are offering 2.5 million shares of common stock. In addition, the selling stockholders have granted the underwriters a 30-day option to purchase up to an additional 1,125,000 shares at the initial public offering price. Ellie Mae will not receive any proceeds from the sale of shares by the selling stockholders. Barclays Capital Inc. is acting as the sole book runner for the offering. William Blair & Company LLC, Piper Jaffray & Company and Morgan Keegan & Company are acting as co-managers. The IPO is being made only by means of a prospectus.