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Five9 prices IPO at $7, below the range

April 3, 2014

Five9, which provides on-demand software that enables cloud-based call centers, raised $70 million by offering 10.0 million shares at $7, below the range of $9 to $11. Five9 plans to list on the NASDAQ under the symbol FIVN. Five9 initially filed confidentially on 12/6/2013. J.P. Morgan, Barclays and BofA Merrill Lynch acted as lead managers on the deal.