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API tech company Apigee files for an $86 million IPO

Apigee, which provides a cloud-based platform for businesses to design, deploy and scale APIs, filed on Friday with the SEC to raise up to $86 million in an initial public offering.

The San Jose, CA-based company, which was founded in 2004 and booked $62 million in sales for the 12 months ended January 31, 2015, plans to list on the NASDAQ under the symbol APIC. Apigee initially filed confidentially on November 28, 2014. Morgan Stanley, J.P. Morgan and Credit Suisse are the joint bookrunners on the deal. No pricing terms were disclosed.

The article API tech company Apigee files for an $86 million IPO 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, the Renaissance IPO ETF (symbol: IPO) or the Global IPO Fund (symbol: IPOSX) , 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.


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

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