Construction software company Textura sets terms for $56 million IPO

By Renaissance Capital,

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Textura, which provides on-demand collaboration software for the construction industry, announced terms for its IPO on Tuesday. The Deerfield, IL-based company plans to raise $56 million by offering 4 million shares at a price range of $13 to $15. At the midpoint of the proposed range, Textura would command a fully diluted market value of $304 million. Textura, which was founded in 2004 and booked $16 million in sales for the 12 months ended March 31, 2013, plans to list on the NYSE under the symbol TXTR. Textura initially filed confidentially on January 9, 2013. Credit Suisse and William Blair are the joint bookrunners on the deal.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: News Headlines IPOs
Referenced Stocks: TXTR

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