Avaya Holdings Corp. (NYSE: AVYA), a global leader in solutions to enhance and simplify communications and collaboration, announced today that Avaya Inc. intends to offer in an underwritten public offering 1,750,000 shares of RingCentral, Inc. (NYSE: RNG) Class A common stock (the “Offering”). The Offering consists entirely of shares to be sold by Avaya Inc. RingCentral will not receive any of the proceeds from the shares sold in the Offering nor will RingCentral be subject to lock up restrictions. Avaya will be subject to customary lock up restrictions.
Goldman Sachs & Co. LLC and BofA Securities are acting as joint underwriters for the Offering.
