TechTarget, Inc. (NASDAQ: TTGT) today announced the commencement of an
underwritten public offering of 5,000,000 shares of its common stock on
behalf of entities affiliated with Technology Crossover Ventures and
Polaris Venture Partners (collectively, the "Selling Stockholders"). The
underwriters of the offering have been granted a 30-day option to
purchase up to 750,000 additional shares from the Selling Stockholders.
The Selling Stockholders will receive all the proceeds from the
underwritten offering; no shares in the underwritten offering are being
sold by TechTarget or any of its officers or directors.
Jefferies LLC is acting as the sole book-running manager for the
offering. Needham & Company, LLC and Craig-Hallum Capital Group LLC are
acting as co-managers.
The shares of common stock are being offered pursuant to a shelf
registration statement (including a prospectus) that was filed with the
Securities and Exchange Commission on May 4, 2012, and became effective
on May 25, 2012, together with an accompanying prospectus supplement.
Before you invest, you should read the prospectus in that shelf
registration statement and the accompanying prospectus supplement. A
copy of the prospectus and accompanying prospectus supplement related to
this offering may be obtained by contacting: Jefferies LLC, Equity
Syndicate Prospectus Department, 520 Madison Avenue, 2nd
Floor, New York, NY 10022, by calling (877) 547-6340, or by emailing Prospectus_Department@Jefferies.com.
The documents may also be obtained for free from the SEC's EDGAR
database available online at www.sec.gov.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy these securities, nor shall there be any
sale of these securities in any state or jurisdiction in which such
offer, solicitation or sale would be unlawful.
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