Dye & Durham Corporation (the “Operating Subsidiary”), a leading provider of cloud-based software and technology solutions, designed to improve efficiency and increase productivity for legal and business professionals, announced today the successful closing of its previously announced initial public offering and secondary offering (the “Offering”) of common shares of the Company (“Common Shares”, and each a “Common Share”). Pursuant to the Offering, Dye & Durham issued 17,000,000 Common Shares and certain selling shareholders (the “Selling Shareholders”) sold an aggregate of 3,000,000 Common Shares for a total aggregate of 20,000,000 Common Shares at a price of $7.50 per Common Share for total gross proceeds of $150 million, with Dye & Durham and the Selling Shareholders receiving gross proceeds of $127.5 million and $22.5 million, respectively.
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