Credit: Shutterstock photoXactly, which provides a cloud-based platform that ties compensation to employee performance, filed on Tuesday with the SEC to raise up to $75 million in an initial public offering.
The San Jose, CA-based company, which was founded in 2005 and booked $61 million in sales for the fiscal year ended January 31, 2015, plans to list on the NYSE under the symbol XTLY. Xactly initially filed confidentially on March 13, 2015. J.P. Morgan, Deutsche Bank and UBS Investment Bank are the joint bookrunners on the deal. No pricing terms were disclosed.
The article Pay for performance: Xactly files for a $75 million IPO originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
