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SolarWinds Announces Intention to File Registration Statement for Public Offering of Common Stock

^{Published on 2009-10-26 03:46:31 - Market Wire}
 

AUSTIN, TX--(Marketwire - October 26, 2009) - SolarWinds, Inc. (NYSE: [ SWI ]) today announced that it intends to file a registration statement with the Securities and Exchange Commission for a proposed public offering of common stock. SolarWinds intends to offer 1.5 million shares of common stock and selling stockholders intend to offer 8.5 million shares of common stock. To the extent that the underwriters sell more than 10.0 million shares of common stock, the selling stockholders intend to grant the underwriters an option for a period of 30 days to purchase up to 1.5 million additional shares of common stock.

The offering is subject to market and other conditions, including the effectiveness of the registration statement to be filed under the Securities Act of 1933.

This announcement is being made pursuant to and in accordance with Rule 135 under the Securities Act. As required by Rule 135, this press release does not constitute an offer to sell or the solicitation of an offer to buy securities, and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction.