Rally Software sets terms for $69 million IPO

By
A A A

Rally Software, which provides cloud software to manage Agile-based software development, announced terms for its IPO on Tuesday. The Boulder, CO-based company plans to raise $69 million by offering 5.8 million shares at a price range of $11 to $13. At the midpoint of the proposed range, Rally Software would command a fully diluted market value of $284 million.

Rally Software, which was founded in 2001 and booked $57 million in sales for the 12 months ended 1/31/2013, plans to list on the NYSE under the symbol RALY. Rally Software initially filed confidentially on 12/14/2012. Deutsche Bank and Piper Jaffray 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

Referenced Stocks: RALY

Renaissance Capital

Renaissance Capital

More from Renaissance Capital:

Related Videos

Finding Heart in an Organ
Finding Heart in an Organ           

Stocks

Referenced

100%

Most Active by Volume

113,378,902
  • $16.79 ▲ 1.33%
89,763,454
  • $7 ▲ 6.54%
67,512,111
  • $42.88 ▲ 3.93%
60,846,215
  • $101.66 ▲ 0.23%
52,286,887
  • $16.38 ▼ 7.09%
42,129,258
  • $52.19 ▲ 2.98%
36,281,096
  • $46.695 ▼ 0.65%
31,634,172
  • $25.16 ▼ 0.08%
As of 9/12/2014, 04:15 PM

Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com