(Reuters) - Software company Yodlee Inc (YDLE.O), controlled by private equity firm Warburg Pincus, priced its initial public offering at $12 per share on Thursday, according to a joint bookrunner for the offering.
The company will raise about $75 million from the IPO at the offer price of $12, the mid point of its expected price range of $11 to $13 per share.
At $12 a share, the company would be valued at about $340 million.
Yodlee's platform, known as the Yodlee Financial Cloud, is used by banks, Internet services companies and third-party financial app developers to track a consumer's financial information.
The apps aggregate a consumer's financial information and give it to a bank or personal finance website, allowing them to have a complete view of the end users' finances.
Yodlee, which also counts Bank of America Corp (BAC.N) as a major shareholder, sold all the 6.25 million shares in the offering.
Goldman Sachs & Co, Credit Suisse and BofA Merrill Lynch are among the major underwriters of the offering.
(Reporting By Sudarshan Varadhan; Editing by Steve Orlofsky)
FIND OUT MORE ABOUT 'BEN Latest News'
'Like us on Facebook'
http://www.facebook.com/pages/BEN-Latest-News/443681719077160
'Follow us on Twitter'
www.twitter.com/benlatestnews
For Advertisment and Partnering with us contact the CEO on:
BEN Latest News™
BB PIN: 260158B5
Skype: cwizard123
Phone: (+234)-807-591-2014
Work: (+234)-903-027-0566
Mobile: (+234)-818-505-0866
BizLine:(+234)-812-595-5300
Email: cwizard123@gmail.com
BLNs: benlatestnews@gmail.com
On: Facebook, Twitter | LinkedIn - cwizard123
Friday, 3 October 2014
Home »
» TECHNOLOGY NEWS: Yodlee prices IPO at mid point of expected range: joint bookrunner
TECHNOLOGY NEWS: Yodlee prices IPO at mid point of expected range: joint bookrunner
00:26
No comments
Related Posts:
Ramsey Nouah Says That Nigerian Actors Live On Past GloryIf you have a friend or family member who has been in the Nigerian movie industry for years and yet still complains of being broke, do not blame him or her because some one who should know, top Nollywood actor, Ramsey Nouah, … Read More
Failed free school pupils 'were taught nothing'The Discovery New School in Crawley is the first of the flagship free schools to close.Many pupils at the first free school to be shut due to poor standards were "taught nothing", a head teachers' leader has sai… Read More
US acrobats injured in fall at Rhode Island circus actThe circus company says it has cancelled all performances on Sunday Eleven people have been injured, one critically, after a group of female acrobats fell from an aerial platform at a circus in the US state of Rhode Island. … Read More
Birmingham 'Trojan Horse' schools: Ofsted reports 'need more work'A leaked letter sent to local authorities last year made claims about several schools. More work is needed on Ofsted reports into schools involved in the so-called Trojan Horse plot before publication, the chief inspector ha… Read More
Full list of Winners on Vodafone Ghana Music Awards 2014It was all music, glitz and glamour at the 15th Edition of the Vodafone Ghana Music Awards which took place last night (3rd of May, 2014) at the Accra International Conference Centre (AICC). The night saw wonderful performanc… Read More
0 comments:
Post a Comment