Thursday, July 18, 2013

RetailMeNot Prices IPO

Austin-based RetailMeNot has priced its IPO, saying Thursday evening that it will offer up 9,090,908 shares of its common stack t $21.00 per share. The IPO pricing is at the center point of the company's earlier estimated range of $20 to $22 per share. RetailMeNot will begin trading on the NASDAQ Global Select Market tomorrow, Friday, under the symbol SALE. RetailMeNot is venture backed by Austin Ventures, Google Ventures, Institutional Venture Partners, King Holdings, Norwest Venture Partners, among others; the firm's IPO is being underwritten by Morgan Stanley, Goldman Sachs & Co., Credit Suisse, Jeffries, RBC Capital Markets, Stifel, and William Blair.