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Eloqua sets terms for $84 million US IPO

By Renaissance Capital,  July 20, 2012, 08:45:54 AM EDT

Eloqua, which provides on-demand software to automate marketing and sales initiatives, announced terms for its IPO on Friday. The Vienna, VA-based company plans to raise $84 million by offering 8.0 million shares (13% insider) at a price range of $9.50 to $11.50. At the midpoint of the proposed range, Eloqua would command a market value of $401 million. Eloqua, which was founded in 1999 and booked $85 million in sales for the 12 months ended 6/30/2012, plans to list on the NASDAQ under the symbol ELOQ. J.P. Morgan and Deutsche Bank Securities 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 The NASDAQ OMX Group, Inc.


This article appears in: News Headlines, IPOs

Referenced Stocks: ELOQ



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