Financial app development company Yodlee files for a $75 million IPO


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Yodlee, which provides a SaaS platform for businesses to develop consumer-facing financial apps, filed on Monday with the SEC to raise up to $75 million in an initial public offering. The filing lists Bank of America ( BAC ), a joint bookrunner, as one of its largest customers and shareholders.

The Redwood City, CA-based company, which was founded in 1999 and booked $74 million in sales for the 12 months ended 3/31/2014, plans to list on the NASDAQ under the symbol YDLE. Yodlee initially filed confidentially on 3/21/2014. Goldman Sachs, Credit Suisse and BofA Merrill Lynch 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 Nasdaq, Inc.

This article appears in: News Headlines , IPOs
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