Carbonite Proposes IPO Terms

7/29/11Follow @gthuang

Boston-based Carbonite, the online data backup firm, said yesterday in a regulatory filing that it expects to offer 6.25 million shares, plus 937,500 additional shares for underwriters (as an option), at $15 to $17 per share in its planned IPO. That bumps its maximum offering price to $122.2 million, up from the $100 million first stated in May. The company expects its shares to trade on the Nasdaq market under the symbol CARB.

Gregory T. Huang is Xconomy's Deputy Editor, National IT Editor, and the Editor of Xconomy Boston. You can e-mail him at Follow @gthuang