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Rally Software files for a $70 million IPO

Rally Software, which provides an application lifecycle management platform for enterprise developers, filed on Tuesday with the SEC to raise up to $70 million in an initial public offering. The Boulder, CO-based company, which was founded in 2002 and booked $53 million in revenue for the last 12 months ended October 31, 2012, plans to list on the NYSE under the symbol RALY. Deutsche Bank and Piper Jaffray are the joint bookrunners on the deal. No pricing terms were disclosed.

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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