Brightcove Seeks $50M IPO
Brightcove, a Cambridge, MA-based digital media and video hosting firm that’s planning a move to Boston, revealed in an SEC filing today that it’s aiming to bring in about $50 million in an initial public offering. The company said that Morgan Stanley and Stifel, Nicolaus & Company will serve as joint book-running managers for the deal. Brightcove raised $12 million in Series D funding in April 2010. It reported a net loss of $9.7 million on revenue of $28.4 million for the first six months of 2011.