Credit: Shutterstock photoDomo, which provides on-demand access to real-time business data, announced terms for its IPO on Monday.
The American Fork, UT-based company plans to raise $189 million by offering 9.2 million shares at a price range of $19 to $22. At the midpoint of the proposed range, Domo would command a fully diluted market value of $546 million.
Domo was founded in 2010 and booked $116 million in sales for the 12 months ended April 30, 2018. It plans to list on the Nasdaq under the symbol DOMO. Morgan Stanley, Allen & Company, Credit Suisse and UBS Investment Bank are the joint bookrunners on the deal. It is expected to price during the week of June 25, 2018.
The article Business intelligence unicorn Domo sets terms for $189 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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
