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Revenue management solutions provider Model N files for a $75 million IPO

Posted
2/13/2013 5:12:00 PM
By: Renaissance Capital
Referenced Stocks:MODN

Model N, which provides revenue management solutions to the life science and technology industries, filed on Wednesday with the SEC to raise up to $75 million in an initial public offering. The Redwood City, CA-based company, which was founded in 1999 and booked $84 million in sales for the 12 months ended 12/31/2012, plans to list under the symbol MODN. J.P. Morgan and Deutsche Bank are the joint bookrunners on the deal. No pricing terms were disclosed.