The company will raise about $75 million from the IPO at the offer price of $12, the mid point of its expected price range of $11 to $13 per share.
At $12 a share, the company would be valued at about $340 million.
Yodlee's platform, known as the Yodlee Financial Cloud, is used by banks, Internet services companies and third-party financial app developers to track a consumer's financial information.
The apps aggregate a consumer's financial information and give it to a bank or personal finance website, allowing them to have a complete view of the end users' finances.
Yodlee, which also counts Bank of America Corp (BAC.N) as a major shareholder, sold all the 6.25 million shares in the offering.
Goldman Sachs & Co, Credit Suisse and BofA Merrill Lynch are among the major underwriters of the offering.
(Reporting By Sudarshan Varadhan; Editing by Steve Orlofsky)
FIND OUT MORE ABOUT 'BEN Latest News'
'Like us on Facebook'
http://www.facebook.com/pages/BEN-Latest-News/443681719077160
'Follow us on Twitter'
www.twitter.com/benlatestnews
For Advertisment and Partnering with us contact the CEO on:
BEN Latest News™
BB PIN: 260158B5
Skype: cwizard123
Phone: (+234)-807-591-2014
Work: (+234)-903-027-0566
Mobile: (+234)-818-505-0866
BizLine:(+234)-812-595-5300
Email: cwizard123@gmail.com
BLNs: benlatestnews@gmail.com
On: Facebook, Twitter | LinkedIn - cwizard123
0 comments:
Post a Comment