IT, startups, IPOs
Glasshouse Files for $75M IPO
Wade Roush 1/29/10
Framingham, MA-based IT consulting company Glasshouse Technologies, which registered for a $100 million initial public offering in October 2007 and then nixed the plan in March 2009, citing unfavorable market conditions, is plunging back into the fray. In forms filed yesterday with the SEC, Glasshouse said it hopes to raise up to $75 million in an IPO, and that it plans to trade on the New York Stock Exchange under the ticker symbol GLAS. Glasshouse has raised venture backing from Sigma Partners, GrandBanks Capital, Kodiak Venture Partners, and Cisco Systems, among other investors.
Wade Roush is Xconomy's chief correspondent and editor of Xconomy San Francisco. You can e-mail him at wroush@xconomy.com, call him at 415-796-3024, or follow him on Twitter at twitter.com/wroush.
