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Letter to the Editor
Tuesday May 29
Solera Holdings, Inc. Closes Stock Initial Public Offering
Solera Holdings, Inc. completed its initial public offering of 26,250,000 shares of its common stock priced at $16.00 per share, of which 19,200,000 were offered by Solera and 7,050,000 were offered by selling stockholders. The stock trades under the symbol SLH on the NYSE. The underwriters of its initial public offering exercised in full their option to purchase from selling stockholders an additional 3,937,500 common shares at the public offering price of $16.00 per share.Goldman Sachs & Co. and JP Morgan Securities Inc. were joint book-runners for this transaction. Citigroup Global Markets Inc., Deutsche Bank Securities Inc. and Lehman Brothers Inc. acted as co-managers.
Solera, a provider of software and services to the auto insurance claims processing industry, was founded by president Tony Aquila in 2005, after his purchase of ADP's claims services segment.
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