Apigee Announces Pricing of Initial Public Offering

SAN JOSE, Calif., April 23, 2015 (GLOBE NEWSWIRE) -- Apigee Corporation (Nasdaq: APIC) today announced the pricing of its initial public offering of 5,115,000 shares of its common stock at a price to the public of $17.00 per share. The shares are expected to begin trading on the NASDAQ Global Select Market on April 24, 2015, under the symbol "APIC." In addition, Apigee has granted the underwriters a 30-day option to purchase up to 767,250 additional shares of common stock from Apigee at the initial public offering price, less underwriting discounts and commissions, to cover over-allotments, if any.

Morgan Stanley & Co. LLC, J.P. Morgan Securities LLC and Credit Suisse Securities (USA) LLC are acting as joint book-running managers for the offering. Pacific Crest Securities, a division of KeyBanc Capital Markets Inc., JMP Securities LLC and Nomura Securities International, Inc. are acting as co-managers for the offering.

A registration statement relating to these securities has been filed with the Securities and Exchange Commission and was declared effective on April 23, 2015. The offering will be made only by means of a prospectus. A copy of the final prospectus may be obtained from Morgan Stanley & Co. LLC, 180 Varick Street, 2nd Floor, New York, NY 10014, Attn: Prospectus Department; J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by telephone at 1-866-803-9204; or from Credit Suisse Securities (USA) LLC, Attn: Prospectus Department, One Madison Avenue, New York, NY 10010, or by telephone at 1-800-221-1037, or by email at [email protected].

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

CONTACT: Investor Contact:
         Greg Kleiner, ICR Inc., for Apigee:
         [email protected]
         1-408-916-1287

         Media Contact:
         [email protected]

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