The business management software producer floated above its range in an offering that allowed Cisco to exit, and which could reach $110m in size.
US-based cloud business management software provider went public on Friday in a $96m initial public offering that allowed networking equipment provider Cisco to exit.
Apptio issued six million shares on Nasdaq priced at $16.00 each, and the IPO’s underwriters have a 30-day option to buy up to 900,000 more shares, which would increase the size of the offering to $110.4m.
Apptio has built a cloud-based platform and software suite that combines analytics, planning workflows and modelling capabilities to help…
