Global trade management SaaS company Amber Road sets terms for $75 million IPO
Amber Road, which provides cloud-based software to automate international import and export processes, announced terms for its IPO on Wednesday. The East Rutherford, NJ-based company plans to raise $75 million by offering 6.5 million shares (27% insider) at a price range of $10.50 to $12.50. At the midpoint of the proposed range, Amber Road would command a fully diluted market value of $313 million. Amber Road, which was founded in 2002 and booked $53 million in sales for the fiscal year ended December 31, 2013, plans to list on the NYSE under the symbol AMBR. Amber Road initially filed confidentially on July 12, 2013. Stifel is the sole bookrunner on the deal. It is expected to price the week of March 17.