The online video platform developer, backed by a host of corporate investors, will price its shares at between $10 and $12 when it floats.

Brightcove, a US-based digital media company, set the range for its initial public offering (IPO) on Monday between $10 and $12. Brightcove will be issuing five million shares in the offering, which could raise up to $69m.

Brightcove’s two largest shareholders are venture capital firms Accel Partners and General Catalyst Partners, each of which hold 26.4% stakes, a slight change from the initial filing where General Catalyst’s 26.6% share exceeding Accel’s 24.5%.

Additional backers in Brightcove, which has raised…