Avaya Announces Offering of Class A RingCentral Common Stock
Avaya Holdings Corp. (NYSE: AVYA), a global leader in solutions to enhance and simplify communications and collaboration, announced today that Avaya Inc. intends to offer in an underwritten public offering 1,750,000 shares of RingCentral, Inc. (NYSE: RNG) Class A common stock (the “Offering”). The Offering consists entirely of shares to be sold by Avaya Inc. RingCentral will not receive any of the proceeds from the shares sold in the Offering nor will RingCentral be subject to lock up restrictions. Avaya will be subject to customary lock up restrictions.
Goldman Sachs & Co. LLC and BofA Securities are acting as joint underwriters for the Offering.
A registration statement (including a prospectus) relating to the Class A common stock was filed by RingCentral and was automatically effective with the Securities and Exchange Commission (“SEC”) on November 12, 2019. A copy of the preliminary prospectus supplement relating to the Offering will be filed with the SEC on November 12, 2019. The Offering will be made only by means of a prospectus supplement and the accompanying prospectus. Before you invest, you should read the registration statement, prospectus and prospectus supplement RingCentral has made available with the SEC for information about the RingCentral and the Offering. You may obtain these documents free of charge by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, copies of the prospectus and preliminary prospectus supplement may be obtained from: Goldman Sachs & Co. LLC, Prospectus Department, 200 West Street, New York, NY 10282, telephone: 1-866-471-2526, facsimile: 212-902-9316 or by emailing Prospectusfirstname.lastname@example.org; or from BofA Securities, NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte, NC 28255-0001 Attn: Prospectus Department or by emailing email@example.com.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy these shares of Class A common stock, nor shall there be any sale of these shares of Class A common stock in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
RingCentral, Inc. (NYSE: RNG) is a leading provider of global enterprise cloud communications, collaboration, and contact center solutions. More flexible and cost-effective than legacy on-premises systems, the RingCentral platform empowers employees to work better together, from any location, on any device, and via any mode to serve customers, improving business efficiency and customer satisfaction. The company provides unified voice, video meetings, team messaging, digital customer engagement, and integrated contact center solutions for enterprises globally. RingCentral’s open platform integrates with leading business apps and enables customers to easily customize business workflows. RingCentral is headquartered in Belmont, California, and has offices around the world.