Exa Corporation announces terms for IPO

By Renaissance Capital,

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Exa Corporation, which provides performance simulation software for vehicle manufacturers, announced terms for its IPO on Monday. The Burlington, MA-based company plans to raise $75 million by offering 6.3 million shares (33% insider) at a price range of $11.00 to $13.00. Exa Corporation, which was founded in 1991 and booked $47 million in sales for the 12 months ended 4/30/2012, plans to list on the NASDAQ under the symbol EXA. Stifel Nicolaus Weisel 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
Referenced Stocks: EXA

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