Enterprise software company Globoforce files for a $75 million IPO

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Globoforce, which provides cloud-based, social recognition software solutions to enterprises, filed on Friday with the SEC to raise up to $75 million in an initial public offering. Its backers include Balderton Capital (41.5% pre-IPO stake) and Atlas Ventures (31.4%). The Dublin, Ireland-based company, which was founded in 1997 and booked $171 million in sales for the 12 months ended June 30, 2013, plans to list on the NASDAQ under the symbol THNX. Globoforce initially filed confidentially on January 9, 2013. J.P. Morgan, Credit Suisse, UBS Investment Bank are the joint bookrunners on the deal. No pricing terms were disclosed.



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

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