Marketo prices IPO at $13, at high end of the range

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Marketo, which provides on-demand marketing software to SMBs and enterprises, raised $79 million by offering 6.1 million shares at $13, at the high end of the $11-$13 range. Marketo will list on the NASDAQ under the symbol MKTO. At the offer price, Marketo commands a fully diluted market value of $540 million and an EV of $435 million. Goldman Sachs and Credit Suisse 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 The NASDAQ OMX Group, Inc.




This article appears in: News Headlines , IPOs

Referenced Stocks: MKTO

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