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Software Company Solarwinds Lowers Price Range For Planned Ipo To $15 To $16 A Share

by marketwatch.com posted 11months ago 141 views
Software company SolarWinds Corp. lowered the price range for its planned initial public offering on Thursday, cutting it to $15 to $16 from a previous range of $17 to $19. The company is planning to offer 25 million shares to raise $387.50 million at the midpoint of the range. It has applied to list on the New York Stock Exchange under the ticker symbol "SWI". Goldman Sachs, JPMorgan, Morgan Stanley and Credit Suisse are lead underwriters on the deal with another 14 banks acting as co-managers. The Austin, Texas-based company provides IT infrastructure management software.

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