Revenue management solutions provider Model N sets terms for $87 million IPO

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Model N, which provides revenue management software to the life science and technology sectors, announced terms for its IPO on Thursday. The Redwood City, CA-based company plans to raise $87 million by offering 6.5 million shares at a price range of $12.50 to $14.50. At the midpoint of the proposed range, Model N would command a fully diluted market value of $331 million.

Model N, which was founded in 1999 and booked $89 million in sales for the 12 months ended 12/31/2012, plans to list on the NYSE under the symbol MODN. J.P. Morgan and Deutsche Bank 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: MODN

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