Envivio prices IPO at $9, below the range

By Renaissance Capital,

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Envivio, which sells a video processing platform to telecoms and cable companies, raised $70 million by offering 7.8 million shares (16% insider) at $9, below the range of $10 to $12. Envivio will list on the NYSE under the symbol ENVI. Goldman Sachs, Deutsche Bank Securities and Stifel Nicolaus Weisel acted as 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: Investing IPOs
Referenced Stocks: ENVI

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