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

By Renaissance Capital,

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RingCentral, which provides cloud-based phone systems to small businesses, raised $98 million by offering 7.5 million shares at $13, the high end of the range of $11 to $13. RingCentral plans to list on the NYSE under the symbol RNG. Goldman Sachs, J.P. Morgan and BofA Merrill Lynch acted as lead managers on the deal.

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
Referenced Stocks: RNG

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