The company priced 7.76 million shares at $9 each, which was below the $10 $12 per share offering range, for an initial market capitalisation of about $240m.
Envivio, a US-based provider of video-over-internet protocol, raised $69m in its Nasdaq flotation.
The company priced 7.76 million shares at $9 each, which was below the $10 $12 per share offering range, for an initial market capitalisation of about $240m.
Investment banks Stifel Nicolaus Weisel and Piper Jaffray were co-lead underwriters of Envivio’s initial public offering (IPO) and the company posted a $2m net loss on $30m of revenues last year, according to its regulatory filing.
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