Software technology company Liquid Holdings Group sets terms for $50 million IPO


Liquid Holdings Group, which provides software technology for financial services companies, announced terms for its IPO on Tuesday. The New York, NY-based company plans to raise $50 million by offering 5 million shares (16% insider) at a price range of $9 to $11. At the midpoint of the proposed range, Liquid Holdings Group would command a market value of $235 million.

Liquid Holdings Group, which was founded in 2012 and booked $4 million in sales for the 12 months ended March 31, 2013, plans to list on the NASDAQ under the symbol LIQD. The company initially filed confidentially in December 2012. Sandler O'Neill is the sole bookrunner 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: LIQD

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