Q2 Sets Estimated IPO Range

Austin-based Q2 has set the estimated IPO range for the company's stock, saying that it expects its common stock to price at between $11.00 and $13.00 per share, as it moves one step closer to its IPO debut. According to Q2, it has been approved to list on the New York Stock Exchange as QTWO. Q2 had filed for an IPO in February. At $13.00 per share, the IPO will raise $116M for the company. Q2 is a developer of online banking software, and is backed by Adams Street Partners, Battery Ventures, and others.