Splunk Commences Offering Of 6 Mln Shares

(RTTNews) - Splunk Inc. (SPLK), Tuesday said it has commenced offering of 6 million common shares. Splunk also intends to grant the underwriters an option to purchase up to an additional 900,000 shares of its common stock to cover over-allotments.

Splunk expects to use the net proceeds from the offering for working capital and other general corporate purposes. In addition, Splunk may use a portion of the proceeds for potential acquisitions of businesses, technologies, or other assets, although Splunk has no agreements or commitments relating to any specific acquisitions at this time.