Aspen Prices Secondary Public Offering
Aspen Technology (NASDAQ: AZPN), a Burlington, MA-based provider of software for optimizing manufacturing, announced today that it has priced a secondary public offering of 18 million shares at $9 per share. Private equity firm Advent International is selling all of the shares, and originally expected to sell 15 million shares, Aspen said. J.P. Morgan Securities and Deutsche Bank Securities are acting as joint book-running managers for the deal. Aspen shares had climbed more than 6 percent as of 2:00 pm today, to hit $9.93.