Japan-based UBIC sets terms for $20 million US IPO

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UBIC, a provider of Asian-language software-based eDiscovery services, announced terms for its IPO on Thursday. The Tokyo, Japan-based company plans to raise $20 million by offering 2.4 million shares at a price range of $7.50 to $9.50. At the midpoint of the proposed range, UBIC would command a fully diluted market value of $158 million.

UBIC, which was founded in 2003 and booked $56 million in sales for the 12 months ended 12/31/2012, plans to list on the NASDAQ under the symbol UBIC. The company's stock is listed on the Mothers Marketplace of the Tokyo Stock Exchange under the code number 2158. UBIC initially filed confidentially on 5/24/2012. Maxim Group LLC and The Benchmark Company 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

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