Monday, July 26, 2010

RealPage Sets IPO Offering Size

Carrollton, Texas-based RealPage, which develops property management software for the commercial rental market, has set the size of its IPO, saying it will offer 13.5M shares of its stock in an updated S-1. RealPage's IPO is being underwritten by Credit Suisse, Deutsche Bank Securities, William Blair & Company, RBC Capital Markets, JMP Securities, and Pacific Crest Securities, and the firm has received venture funding from Advanced Capital Partners and Apax Excelsior VI.