Guidewire Software ipo shares prices forecast

Guidewire Software ipo shares prices forecast : Guidewire Software (GWRE), a provider of ondemand subscription software to P&C insurance firms, announced terms for its IPO on Monday, with pricing set for January 24th. The San Mateo, CA-based company plans to raise $82.5 million by offering 7.5 million shares at a price range of $10.00 to $12.00. At the mid-point of the proposed range,

Guidewire Software will command a market value of $523 million. For the most recent quarter, sales increased 51% to $52.4 million. Guidewire is backed by U.S. Venture Partners, Bay Partners, and Battery Ventures. The most recent ondemand software provider to go public, Jive Software (JIVE), is trading up 26 percent since its offering last month.

Guidewire Software, which was founded in 2001 and booked $190 million in sales for the 12 months ended October 31, 2011, plans to list on the NYSE under the symbol GWRE. J.P. Morgan, Deutsche Bank Securities, and Citi are the lead underwriters on the deal.For the latest updates on the stock market, visit Stock Market Today

Guidewire Software ipo shares prices, Guidewire Software stock symbol, Guidewire Software shares prices prediction 2012, Guidewire Software ipo shares prices, Guidewire Software stock symbol, Guidewire Software stock forecast 2012, Jive Software (JIVE) stock price forecast 2012 For the latest updates PRESS CTR + D or visit Stock Market news Today

Related Post: