Wednesday, March 19, 2014

Q2 Prices IPO

Austin-based Q2 Holdings, the developer of cloud-based, banking software for financial institutions, has priced its IPO, saying it will offer up 7,760,870 shares of its stock at $13.00 per share. Q2 will begin trading tomorrow morning on the New York Stock Exchange as QTWO. Q2 priced at the high end of it its estimated IPO range, which was $11.00 to $13.00 per share. Q2 is venture backed by Adams Street Partners, Battery Ventures, as well as other investors.