Zuora prices upsized IPO at $14, above the upwardly revised range

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Zuora, which provides a cloud-based subscription billing and management platform, raised $154 million by offering an upsized 11 million shares at $14, above the upwardly revised range of $11 to $13. The San Mateo, CA-based company originally filed to offer 10 million shares at a range of $9 to $11. Zuora plans to list on the NYSE under the symbol ZUO. Goldman Sachs, Morgan Stanley, Allen & Company and Jefferies acted as lead managers on the deal.

The article Zuora prices upsized IPO at $14, above the upwardly revised range originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.

Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital's Renaissance IPO ETF (symbol: IPO) , Renaissance International ETF (symbol: IPOS) , or separately managed institutional accounts may have investments in securities of companies mentioned.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: News Headlines , IPOs

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