Cambridge enterprise software company HubSpot plans to raise up to $120 million from its initial public offering, according to a filing with the Securities and Exchange Commission.
In the filing, HubSpot said it will sell 5 million shares of common stock with an option for 750,000 more for between $19 and $21 per share. That would value the company at more than $600 million.
Renaissance Capital, which manages an IPO ETF, expects shares of Hubspot to hit the market within two weeks.
Kathleen Smith, chairman of Renaissance Capital, said HubSpot will have to convince investors it is different from other enterprise software companies, many of which have struggled in the public markets so far this year.
"This sector sold off back in March," Smith said. "Investors weren't making any money."
HubSpot, best known for its software for marketers, announced several new products last week designed to move the company into the sales industry.
At its annual customer conference last week, CEO Brian Halligan said he is trying to build an "anchor company" in Boston that can help lead the region's charge as a global technology leader.
Anda sedang membaca artikel tentang
HubSpot looks to raise $120M
Dengan url
http://cintabersemian.blogspot.com/2014/09/hubspot-looks-to-raise-120m.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
HubSpot looks to raise $120M
namun jangan lupa untuk meletakkan link
sebagai sumbernya
0 komentar:
Posting Komentar