ServiceSource Raises $111M in IPO

3/25/11

San Francisco-based ServiceSource (Nasdaq: SREV), which helps technology companies renew maintenance, support, and subscription agreements, raised at least $111 million in an initial public offering on the Nasdaq exchange yesterday. The company sold at least 11.9 million shares at $10 each, somewhat above the expected range of $7.50 to $9.00 per share. Morgan Stanley and Deutsche Bank ran the offering.

Wade Roush is a contributing editor at Xconomy. Follow @

By posting a comment, you agree to our terms and conditions.