Press Releases

FleetCor Prices Initial Public Offering

December 14, 2010 at 6:38 PM EST

NORCROSS, Ga., Dec 14, 2010 (BUSINESS WIRE) --

FleetCor Technologies, Inc. (NYSE: FLT), a leading independent global provider of specialized payment products and services to commercial fleets, major oil companies and petroleum marketers, today announced that it has priced its initial public offering of 12,675,000 shares of its common stock at a price to the public of $23 per share. FleetCor's common shares are expected to begin trading on December 15, 2010 on the New York Stock Exchange under the ticker symbol "FLT."

12,244,039 shares of common stock are being offered by certain of FleetCor's stockholders and 430,961 shares are being offered by FleetCor. The selling stockholders have granted the underwriters the option to purchase up to an additional 1,901,250 shares of common stock, on the same terms and conditions, to cover over-allotments, if any. FleetCor will not receive any proceeds from the sale of shares by the selling stockholders.

J.P. Morgan, Goldman, Sachs & Co., Barclays Capital and Morgan Stanley are acting as joint book-running managers of the offering. PNC Capital Markets LLC, Raymond James and Wells Fargo Securities are acting as co-managers of the offering. The offering is being made only by means of a prospectus, a copy of which may be obtained by contacting either J.P. Morgan Securities LLC at Broadridge Financial Solutions, 1155 Long Island Ave., Edgewood, NY 11717, or by telephone at 1-866-803-9204, or Goldman, Sachs & Co., at 200 West Street, New York, NY 10282, Attention: Prospectus Department, by telephone at 1-866-471-2526 or by emailing Prospectus-ny@ny.email.gs.com.

A registration statement relating to these securities was declared effective by the Securities and Exchange Commission on December 14, 2010. 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 the offer, solicitation or sale of securities would be unlawful prior to their registration and qualification under the securities laws of any such state or jurisdiction.

SOURCE: FleetCor Technologies, Inc.

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