Ellie Mae, Inc. Announces Pricing of Follow-on Offering of Common Stock

PLEASANTON, Calif. – August 3, 2016 – Ellie Mae, Inc. (NYSE:ELLI), a leading provider of innovative on-demand software solutions and services for the residential mortgage industry, announced today the pricing of its underwritten registered public follow-on offering of 2,750,000 shares of its common stock at a price to the public of $90 per share. Closing of the offering is expected to occur on August 9, 2016, subject to customary closing conditions. Ellie Mae also granted the underwriters a 30-day option to purchase up to 412,500 additional shares of common stock.

All of the shares sold in the offering are being sold by Ellie Mae, and Ellie Mae intends to use the net proceeds from the offering for general corporate purposes, including working capital, sales and marketing activities, general and administrative matters and capital expenditures. Ellie Mae may also use a portion of the net proceeds for the acquisition of, or investment in, technologies, solutions or businesses that complement its business.

J.P. Morgan, Morgan Stanley, and Barclays are acting as lead joint book-runners for the offering. JMP Securities, Needham & Company, Oppenheimer & Co., and Roth Capital Partners are acting as co-managers for the offering.

An automatic shelf registration statement relating to the sale of these securities was filed with the Securities and Exchange Commission on August 1, 2016. The offering is being made only by means of a prospectus, including a prospectus supplement, forming a part of the effective shelf registration statement. Copies of the prospectus supplement and accompanying base prospectus may be obtained, when available, from: J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 or phone: 1-866-803-9204; Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014; or Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, email: barclaysprospectus@broadridge.com or phone: 1-888-603-5847.

This press release shall neither constitute an offer to sell nor a solicitation of an offer to buy. In addition, there shall not be any sale of these securities in any jurisdiction in which such an offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. The securities being offered have neither been approved or disapproved by any regulatory authority, nor has any regulatory authority passed upon the accuracy or adequacy of the registration statement, the prospectus contained therein or the prospectus supplement.

About Ellie Mae

Ellie Mae (NYSE:ELLI) is a leading provider of innovative on-demand software solutions and services for the residential mortgage industry. Mortgage lenders of all sizes use Ellie Mae’s Encompass® all-in-one mortgage management solution, Mavent Compliance Service, and AllRegs research, reference and education resources to improve compliance, loan quality and efficiency across the entire mortgage lifecycle. Visit EllieMae.com or call 877.355.4362 to learn more.


Alex Hughes
Vice President, Investor Relations
Ellie Mae, Inc.
(925) 227-7079

Lisa Laukkanen
The Blueshirt Group for Ellie Mae, Inc.


Erica Harvill
Ellie Mae, Inc.
(925) 227-5913

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© 2016 Ellie Mae, Inc. Ellie Mae®, Encompass®, AllRegs®, DataTrac®, Ellie Mae Network, Mavent®, Millennial Tracker, Mortgage Returns®, Prospect Manager®, Total Quality Loan®, True CRM®, TQL® and the Ellie Mae logo are trademarks of Ellie Mae, Inc. or its subsidiaries. All rights reserved. Other company and product names may be trademarks or copyrights of their respective owners.

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