HubSpot, which is backed by investors including Google and Salesforce, plans to float at a price between $19 and $21 a share.
HubSpot, the US-based developer of a sales and marketing platform, has raised the target for its initial public offering from $100m to $120m, setting the range between $19.00 and $21.00 a share.
The company will issue an initial 5 million shares, with a further 750,000 available to underwriters Morgan Stanley, J.P. Morgan Securities, UBS Securities, Pacific Crest Securities, Canaccord Genuity and Raymond James & Associates to cover over-allotments, which would raise a further $15.75m.
HubSpot plans to use…
