E2open sets terms for $75 million US IPO


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E2open, which provides on-demand supply chain management software, announced terms for its IPO on Friday. The Foster City, CA-based company plans to raise $75 million by offering 4.7 million shares (20% insider) at a price range of $15.00 to $17.00. At the midpoint of the proposed range, E2open would command a market value of $437 million.

E2open, which was founded in 2000 and booked $64 million in sales for the 12 months ended 5/31/2012, plans to list on the NASDAQ under the symbol EOPN. BofA Merrill Lynch is the lead bookrunner 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

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