Monday, July 8, 2013

RetailMeNot Sets IPO Pricing Range

Austin-based RetailMeNot has taken another step towards its IPO, saying this morning that it now expects to sell around 9.1 million shares of its common stock at between $20 and $22 per share. The company, led by Cotter Cunningham, is set to raise as much as $230M in its IPO on the NASDAQ Global Select Market as SALE. RetailMeNot is backed by Austin Ventures, Google Ventures, Institutional Venture Partners, King Holdings, Norwest Venture Partners, and others. The last Texas technology company to hit the market via IPO was CyrusOne, in January.