Marketo, the provider of a leading cloud-based marketing software platform, announced the pricing of initial public offering of 6.06 million shares of common stock at $13.00 per share, which represents top end of the expected range.
In the amended filing with the SEC, the company had expected the pricing between $11.00 and $13.00.
The San Mateo, California-based company's shares are expected to begin trading on The NASDAQ Global Select Market on May 17, 2013, under the symbol "MKTO".
Marketo is offering 5.75 million shares and selling stockholders are offering 309,509 shares. Marketo said it will not receive any of the proceeds from the sale of the shares being sold by the selling stockholders.
In addition, Marketo has granted the underwriters a 30-day option to purchase up to 908,926 additional shares of common stock.
Goldman, Sachs & Co. and Credit Suisse Securities (USA) LLC are acting as lead book-running managers for the offering. UBS Securities LLC, Canaccord Genuity Inc., Raymond James & Associates, Inc. and JMP Securities LLC are acting as co-managers.
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