The Wells Fargo-backed mobile device management firm could see the size of the initial public offering increase to $115m before it closes.
MobileIron, a US-based developer of mobile device management software, went public yesterday in a $100m initial public offering on Nasdaq, selling 11.1 million shares priced at $9 each.
Founded in 2007, MobileIron is the creator of a mobile IT platform that businesses can use to secure and manage mobile apps, content and devices. It made a $32.5m loss in 2013 from revenues of $105.6m, and although its earnings are rising sharply it is yet to make a profit.
The company…
