WAYNE, Pa., Jan. 31 /PRNewswire-FirstCall/ -- Kenexa Corporation announced today that it has filed a registration statement on Form S-1 with the Securities and Exchange Commission for a proposed public offering of approximately $100 million of its common stock. The proposed public offering is expected to consist of approximately $25 million of shares of common stock offered by Kenexa and the remaining shares offered by certain selling shareholders. The underwriters will have an option to purchase approximately $15 million of additional shares of common stock from certain other selling shareholders solely to cover over-allotments, if any.
The managing underwriters of the proposed offering are Credit Suisse Securities (USA) LLC and SG Cowen & Co., LLC, acting as joint book-running managers. CIBC World Markets Corp., JMP Securities LLC, Needham & Co., LLC, and Boenning & Scattergood, Inc. will serve as co-managers.
A preliminary prospectus relating to these securities is not currently available. The proposed offering may be made only by means of a prospectus, a copy of which may be obtained, when available, from Credit Suisse Securities (USA) LLC, Prospectus Department, One Madison Avenue, New York, NY 10010, from SG Cowen & Co., LLC, Prospectus Department at ADP, 1155 Long Island Avenue, Edgewood, New York 11717.
A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the laws of any such state.
About Kenexa
Kenexa Corporation provides outsourcing, employee research and software to help organizations more effectively recruit and retain a productive workforce. Kenexa solutions include applicant tracking, employment process outsourcing, phone screening, skills and behavioral assessments, structured interviews, performance management, multi-rater feedback surveys, employee engagement surveys and HR Analytics. Kenexa is headquartered in Wayne, Pa.
Note to Editors: Kenexa is a registered trademark of Kenexa Corporation. Other product or service names mentioned herein remain the property of their respective owners.
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