Pakistanis angry over detentions in Times Sq. case Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They
AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e
BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German
Minister seeks closure of anti-Berlusconi websites Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who
By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an
Edition:
U.S.
Africa
Arabic
Argentina
Brazil
Canada
China
France
Germany
India
Italy
Japan
Latin America
Mexico
Russia
Spain
United Kingdom
Home
Business
Business Home
Economy
Technology
Media
Small Business
Legal
Deals
Earnings
Social Pulse
Business Video
The Freeland File
Markets
Markets Home
U.S. Markets
European Markets
Asian Markets
Global Market Data
Indices
M&A
Stocks
Bonds
Currencies
Commodities
Futures
Funds
peHUB
World
World Home
U.S.
Brazil
China
Euro Zone
Japan
Mexico
Russia
India Insight
World Video
Reuters Investigates
Decoder
Politics
Politics Home
Election 2012
Issues 2012
Candidates 2012
Tales from the Trail
Political Punchlines
Supreme Court
Politics Video
Tech
Technology Home
MediaFile
Science
Tech Video
Tech Tonic
Social Pulse
Opinion
Opinion Home
Chrystia Freeland
John Lloyd
Felix Salmon
Jack Shafer
David Rohde
Bernd Debusmann
Nader Mousavizadeh
Lucy P. Marcus
David Cay Johnston
Bethany McLean
Edward Hadas
Hugo Dixon
Ian Bremmer
Mohamed El-Erian
Lawrence Summers
Susan Glasser
The Great Debate
Steven Brill
Jack & Suzy Welch
Breakingviews
Equities
Credit
Private Equity
M&A
Macro & Markets
Politics
Breakingviews Video
Money
Money Home
Tax Break
Lipper Awards 2012
Global Investing
MuniLand
Unstructured Finance
Linda Stern
Mark Miller
John Wasik
James Saft
Analyst Research
Alerts
Watchlist
Portfolio
Stock Screener
Fund Screener
Personal Finance Video
Money Clip
Investing 201
Life
Health
Sports
Arts
Faithworld
Business Traveler
Entertainment
Oddly Enough
Lifestyle Video
Pictures
Pictures Home
Reuters Photographers
Full Focus
Video
Reuters TV
Reuters News
Article
Comments (0)
Follow Reuters
Facebook
Twitter
RSS
YouTube
Read
Afghan dies from burns after airfield drama mars Panetta visit
|
3:35am EDT
Jonah Hill seeks a dramatic career change
14 Mar 2012
Santorum to Puerto Rico: Speak English if you want statehood
14 Mar 2012
China removes top leadership contender Bo from post
2:14am EDT
Citigroup failure in Fed test raises questions
14 Mar 2012
Discussed
178
U.S. serviceman detained in Afghanistan over civilian casualties
135
Israel asks U.S. for arms that could aid Iran strike
125
Sixteen Afghan civilians killed in rogue U.S. attack
Watched
Turkish soap operas ignite culture war in Middle East revolution – Decoder
Thu, Mar 8 2012
Israeli army releases video of airstrike
Sat, Mar 10 2012
Peruvian miners clash with police
Wed, Mar 14 2012
Demandware IPO prices above expected price range
Tweet
Share this
Email
Print
Related News
UPDATE 1-Demandware IPO prices above expected price range
Wed, Mar 14 2012
IPO VIEW - Demandware to test cloud appetite
Fri, Mar 9 2012
Guitar-maker Fender Musical files for IPO
Thu, Mar 8 2012
Wall St slips but S&P up for 3rd straight week
Fri, Mar 2 2012
UPDATE 3-Bazaarvoice makes a loud debut
Fri, Feb 24 2012
Analysis & Opinion
Yelp IPO: four reviews, 2 stars out of 5
Related Topics
Tech »
Wed Mar 14, 2012 6:48pm EDT
(Reuters) - Demandware Inc priced its initial public offering of 5.5 million shares at $16 each, well above its expected price range, valuing the company at about $448 million.
The company, which raised $88 million in proceeds from the IPO, had expected to sell the shares between $12.50 and $14.50 apiece.
Demandware is the fifth cloud computing-based software company to join the IPO wave since December.
Since December, Jive Software Inc (JIVE.O), Brightcove Inc (BCOV.O), Guidewire Software Inc (GWRE.N) and Bazaarvoice Inc BV.N have made their stock market debuts.
All these IPOs were priced within or above their indicated range, and have seen their stock surge since.
Cloud computing allows companies to access information on the Internet from remote servers rather than from their own computers in-house, which proponents claim helps cut costs.
As demand from businesses for this type of technology has climbed, so has interest from investors hoping to tap a global market.
According to two underwriters, Demandware closed the books for institutional investors a day early due to strong demand for the offering.
Demandware, which is backed by venture firms North Bridge Venture Partners and General Catalyst, posted a loss of $1.4 million on revenue of $56.5 million in 2011.
As of December 31, the company had 101 customers using its Demandware Commerce platform, including Crocs Inc (CROX.O), Lifetime Brands Inc (LCUT.O) and Columbia Sportswear Co (COLM.O).
Shares of the company are expected to begin trading on Thursday on the New York Stock Exchange under the symbol "DWRE."
Underwriters to the offering included Goldman Sachs, Deutsche Bank, William Blair, Oppenheimer, Canaccord Genuity and First Analysis Security Corp.
(Reporting by Sharanya Hrishikesh and Aman Shah in Bangalore; Additional reporting by Olivia Oran; Editing by Supriya Kurane)
Tech
Related Quotes and News
Company
Price
Related News
Tweet this
Link this
Share this
Digg this
Email
Reprints
We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/
Comments (0)
Be the first to comment on reuters.com.
Add yours using the box above.
Edition:
U.S.
Africa
Arabic
Argentina
Brazil
Canada
China
France
Germany
India
Italy
Japan
Latin America
Mexico
Russia
Spain
United Kingdom
Back to top
Reuters.com
Business
Markets
World
Politics
Technology
Opinion
Money
Pictures
Videos
Site Index
Legal
Bankruptcy Law
California Legal
New York Legal
Securities Law
Support & Contact
Support
Corrections
Advertise With Us
Connect with Reuters
Twitter
Facebook
LinkedIn
RSS
Podcast
Newsletters
Mobile
About
Privacy Policy
Terms of Use
Copyright
Our Flagship financial information platform incorporating Reuters Insider
An ultra-low latency infrastructure for electronic trading and data distribution
A connected approach to governance, risk and compliance
Our next generation legal research platform
Our global tax workstation
Thomsonreuters.com
About Thomson Reuters
Investor Relations
Careers
Contact Us
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.