NEW YORK, July 17 /PRNewswire/ -- Dice Holdings, Inc. (NYSE: DHX) today
announced the pricing of its initial public offering of 16,700,000 shares
of its common stock at a price of $13.00 per share. Of the shares being
offered, 6,700,000 were offered by the Company and 10,000,000 were offered
by selling stockholders. The shares will be listed on the New York Stock
Exchange under the ticker symbol "DHX." To the extent that the underwriters
sell more than 16,700,000 shares of common stock, the underwriters have the
option to purchase up to an additional 2,505,000 shares of common stock
from the selling stockholders at the initial public offering price less the
underwriting discount. The offering is expected to close on or about July
23, 2007.
The Company intends to use the net proceeds from the offering received
by it to repay a portion of the indebtedness outstanding under its amended
and restated credit facility and will use the remaining proceeds for
working capital and general corporate purposes. The Company will not
receive any of the proceeds from the offering of the common stock by the
selling stockholders.
Credit Suisse Securities (USA) LLC and Morgan Stanley & Co.
Incorporated acted as joint book-running managers of the offering and JP
Morgan Securities Inc., Lehman Brothers Inc. and Jefferies & Company, Inc.
acted as co-managers.
The registration statement relating to the initial public offering of
shares of common stock of the Company has been declared effective by the
Securities and Exchange Commission. This press release does not constitute
an offer to sell or a solicitation of an offer to buy the securities
described above, nor shall there be any sale of such shares of common stock
in any state or jurisdiction in which such offer, solicitation, or sale
would be unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction. The offering of these
securities will be made only by means of a prospectus, copies of which may
be obtained from Credit Suisse Securities' Prospectus Department, One
Madison Avenue, New York, NY, 10010 by calling 800-221-1037, or by faxing
requests to 212.325.8057, or from Morgan Stanley's Prospectus Department,
180 Varick Street, 2nd Floor, New York, NY, 10014 by calling 866-718-1649,
or by emailing requests to prospectus@morganstanley.com.
About Dice Holdings, Inc.
Dice Holdings, Inc. is a leading provider of specialized career
websites for select professional communities, including technology and
engineering, capital markets and financial services, accounting and
finance, and security clearance. Our mission is to help our customers
source and hire the most qualified professionals in select and highly
skilled occupations, and to help those professionals find the best job
opportunities in their respective fields and further their careers. Over
more than 16 years, we have built our company by providing our customers
with quick and easy access to high-quality, unique professional communities
and offering those communities access to highly relevant career
opportunities and information. Today, we serve multiple markets in North
America, Europe, the Middle East, Asia and Australia.
This press release contains forward-looking statements. You should not
place undue reliance on those statements because they are subject to
numerous uncertainties and factors relating to our operations and business
environment, all of which are difficult to predict and many of which are
beyond our control. Forward-looking statements include information
concerning our possible or assumed future results of operations, including
descriptions of our business strategy. These statements often include words
such as "may," "will," "should," "believe," "expect," "anticipate,"
"intend," "plan," "estimate" or similar expressions. These statements are
based on assumptions that we have made in light of our experience in the
industry as well as our perceptions of historical trends, current
conditions, expected future developments and other factors we believe are
appropriate under the circumstances. Although we believe that these
forward-looking statements are based on reasonable assumptions, you should
be aware that many factors could affect our actual financial results or
results of operations and could cause actual results to differ materially
from those in the forward-looking statements. These factors are discussed
in the "Risk Factors" and "Management's Discussion and Analysis of
Financial Condition and Results of Operations" sections and elsewhere in
our Registration Statement on Form S-1.
You should keep in mind that any forward-looking statement made by us
herein, or elsewhere, speaks only as of the date on which we make it. New
risks and uncertainties come up from time to time, and it is impossible for
us to predict these events or how they may affect us. We have no obligation
to update any forward-looking statements after the date hereof, except as
required by federal securities laws.
SOURCE Dice Holdings, Inc.
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Related links:
http://about.dice.com/
CONTACT:
Investor Relations, Don Tomoff or Tom Ryan,
+1-212-448-4181, IR@dice.com; or Media Relations, Rich Layne,
+1-203-682-8224, or Stephanie Sampiere, +1-203-682-8277, all of
ICR Inc. for Dice Holdings, Inc.
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