SAN MATEO, Calif.--(BUSINESS WIRE)--RingCentral, Inc. (NYSE:RNG), a leading provider of cloud business communications solutions, today announced that Goldman, Sachs & Co. and J.P. Morgan Securities LLC, book-running managers in the Company’s recent public sale of 8,625,000 shares of Class A common stock, are waiving a lock-up restriction with respect to shares of the Company’s common stock held by certain stockholders, officers or directors of the Company. The waiver will take effect on March 5, 2014, and the shares may be sold on or after such date.
This press release is not an offer for sale of the securities in the United States or in any other jurisdiction where such offer is prohibited, and such securities may not be offered or sold in the United States absent registration or an exemption from registration under the United States Securities Act of 1933, as amended.
About RingCentral
RingCentral (NYSE: RNG) is a leading provider of cloud business communications solutions. Easier to manage and more flexible than on-premise communications systems, RingCentral’s cloud solution meets the needs of modern distributed and mobile workforces, while eliminating the expense of on-premise hardware and software. RingCentral is headquartered in San Mateo, California.