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Ellie Mae Seeks To Raise $82.5M In IPO
Mortgage origination technology firm, Ellie Mae, is expecting to raise as much as $82.5 million in an initial public offering.
Mortgage origination technology firm,Ellie Mae,is expecting to raise as much as $82.5 million in an initial public offering (IPO),The Wall Street Journalreports. The company has priced at least 7.5 million shares of common stock at $9 to $11 per share.
The company initially planned to sell 5 million shares. Ellie Mae will use the proceeds from the offering for general corporate purposes.Barclays Capital,William Blair& Company,Piper Jaffray&ComapnyandMorgan Keegan & Companyare the underwriters on IPO, addsHousing Wire.
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