Virtual banking software provider Q2 files for a $138 million IPO
Q2 Holdings, which is a leading provider of cloud-based virtual banking software for regional institutions, filed on Wednesday with the SEC to raise up to $138 million in an initial public offering. The Austin, TX-based company, which was founded in 2005 and booked $53 million in sales for the 12 months ended September 30, 2013, plans to list under the symbol QTWO. The company has yet to announce an exchange. Q2 Holdings initially filed confidentially on December 20, 2013. J.P. Morgan and Stifel are the joint bookrunners on the deal. No pricing terms were disclosed.