Friday, June 15, 2007

PROS Holdings Sets IPO Terms

Houston, Texas-based PROS Holdings, a developer of software used for pricing and revenue optimization by the hotel, airline, manufacturing, and other industries, has set terms for the company's IPO. PROS Holdings said in a filing with the SEC that it will offer 6,825,000 shares of its stock at between $10.00 and $12.00 per share. The firm is looking to trade on the New York Stock Exchange under the symbol PRO. PROS Holdings' IPO is being underwritten by JPMorgan, Deutsche Bank Securities, Jeffries & Company, and Thomas Weisel Partners; the firm has received venture backing from TA Associates and JMI Equity.