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Veeva Systems prices IPO at $20, above the upwardly revised range

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Veeva Systems, which provides cloud-based CRM software solutions for the life sciences industry, raised $261 million by offering 13.045 million shares (25% insider) at $20, above its upwardly revised $16-$18 range. The Pleasanton, CA-based company originally planned to offer shares at $12-$14. At its offer price, Veeva Systems commands a fully diluted market value of $2.9 billion and an enterprise value of $2.7 billion.

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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