Splunk Inc., a provider of operational intelligence software used to monitor, report and analyze real-time machine data, on Monday said it expects to price its initial public offering or IPO of 13.5 million shares of its common stock between $8 and $10 per share, aiming to raise up to $155.25 million.
In a filing with the U.S. Securities and Exchange Commission, the company said it will offer 12.51 million shares and the selling stockholders will offer 992,722 shares of common stock.
The company also said it has granted the underwriters the right to purchase up to an additional 2.03 million shares to cover over-allotments at the initial public offering price less the underwriting discount.
Splunk said it will not receive any proceeds from the sale of shares by the selling stockholders.
The company has applied to list its common stock on The NASDAQ Global Select Market under the symbol 'SPLK'.
by RTT Staff Writer
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