Model N Lists IPO on the New York Stock Exchange – Celebrates First Day as a Publicly-Traded Company
March 20 2013 - 2:21PM
Business Wire
Redwood Shores, Calif.-based Model N, Inc., a leading revenue
management solutions provider to the life science and technology
industries, opened for trading today on the New York Stock Exchange
(NYSE) under the ticker symbol “MODN” after its initial public
offering. GETCO Securities LLC is the Designated Market Maker for
the company’s stock.
Founder, Chairman and CEO Zack Rinat, accompanied by members of
Model N’s leadership team, commemorated the company’s first day of
trading by ringing the NYSE Opening BellSM and visiting the trading
floor to witness the stock opening.
“Becoming a publicly traded company on the NYSE is recognition
that Revenue Management software is a proven source of competitive
advantage for companies in the life sciences and the technology
industries. Furthermore it is a testament to our customers,
partners, and employees daring to pioneer a new software category,”
said Zack Rinat, Founder, Chairman, and CEO of Model N.
“We are delighted to welcome Model N to the NYSE’s growing
community of technology companies,” said Scott R. Cutler, Executive
Vice President, Head of Global Listings, NYSE Euronext. “Model N is
a leader in revenue management solutions offering life science and
technology companies around the globe a suite of innovative tools
and services to support their distinctive business needs. We
congratulate Model N on its first day as a publicly-traded company
and look forward to sharing a long and fruitful partnership with
Model N and its shareholders.”
For more information on NYSE Euronext’s listings business and to
learn about trends in the IPO market, please visit the NYSE
Euronext IPO Center.
Photo 1Caption: Model N,
Inc. Founder, Chairman and CEO Zack Rinat (center, blue tie),
joined by members of the company’s leadership team, rings the NYSE
Opening BellSM to celebrate Model N’s IPO and first day of trading
on the NYSE.
Photo 2Caption: Model N,
Inc. Founder Chairman and CEO Zack Rinat in the center of the
trading crowd (dark blue suit, blue tie) as the company’s stock
begins trading on the NYSE.
About Model N
Model N, a leading provider of Revenue Management Solutions,
drives improved pricing, margin, and revenue performance through a
powerful combination of best practices, highly configurable
software applications, comprehensive services, and actionable
analytics across the complete functional spectrum of pricing,
contracting, rebating, sales, and marketing. Model N leverages its
deep industry expertise to support the unique business needs of
Life Sciences and Technology companies across more than 50
countries. Global Customers include: Allergan, Amgen, Atmel, Boston
Scientific, Bristol-Myers Squibb, Dell, Johnson & Johnson,
Linear Technology, Merck, Marvell, Maxim, Micron, Nokia, Novartis,
Novo Nordisk, ON Semiconductor, STMicroelectronics, and Watson
Pharmaceuticals. Whether you are an emerging business or a global
leader, Model N results in revenue. www.modeln.com.
Resources:Model N Press CenterModel N Investor
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