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Event management software provider Cvent files for a $100 million IPO
By: Renaissance Capital
Cvent, which is the leading cloud-based event management software provider, filed on Monday with the SEC to raise up to $100 million in an initial public offering. The McLean, VA-based company, which was founded in 1999 and booked $90 million in sales for the 12 months ended March 31, 2013, plans to list on the NYSE under the symbol CVT. Cvent initially filed confidentially in April. Morgan Stanley and Goldman Sachs are the joint bookrunners on the deal. No pricing terms were disclosed.