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Reval Holdings File For $75 Mln IPO

Reval Holdings Inc. Friday filed a statement with the Securities and Exchange Commission for an initial public offering of up to $75 million in common stock. Reval Holdings, a provider of cloud-based treasury and risk management software, did not disclose any details, including price range of the offering, number of shares offered, and its trading ticker symbol.

Reval plans to use the proceeds from offering for working capital and other general corporate purposes. The company said it may use a portion of the proceeds to acquire complementary technologies.

For 2011, the company recorded a loss of $17.3 million on total revenues of $45 million.

Reval provides comprehensive and integrated treasury and risk management solutions to over 550 clients in more than 20 countries. The company's clients include enterprises such as Bose, Ford, Microsoft, Starbucks Coffee, Tiffany & Co., and Visa.

The company listed Merrill Lynch, Pierce, Fenner & Smith Inc., Stifel, Nicolaus & Co. Inc., BMO Capital Markets Corp., Lazard Capital Markets LLC and Raymond James & Associates Inc. as underwriters.

In the filing, Reval said, "We have never declared or paid any dividends on our common stock. We anticipate that we will retain all of our future earnings, if any, for use in the operation and expansion of our business and do not anticipate paying cash dividends in the foreseeable future."

by RTTNews Staff Writer

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