The Citi-backed customer engagement platform developer has set terms for an initial public offering which could top $400m.
Braze, a US-based customer engagement software producer that counts financial services firm Citi among its shareholders, has set the range for an initial public offering set to raise up to $402m.
The company plans to issue 6.7 million shares on the Nasdaq Global Select Market priced between $55 and $60 each. The underwriters are set to have a 30-day option to buy up to 1.3 million more shares, potentially boosting it to $480m.
Founded in 2011 as Appboy, Braze…
