The online home furnishings company Wayfair hopes to raise over $300 million when it goes ahead with its IPO. The company’s intention to do so was made public last month, though the Boston-based firm had filed with the SEC under the JOBS Act before that. Wayfair has raised over $358 million from the private markets, from backers such as Spark Capital, Battery Ventures, and T. Rowe Price, and posted a $51.4 million loss in the first half of this fiscal year. Goldman Sachs, Bank of America, Citigroup, and Allen & Co. have been charged with leading the offering.
Yodlee, an Accel Partners-backed financial application services company with over 17 million individual users of its services, will offer 6.3 million shares in the $11-13 price range with the hopes of raising $75 million in its upcoming public offering. Bank of America, which will be leading the process alongside Goldman Sachs, Credit Suisse, and BofA Merrill Lynch, was responsible for 14% of Yodlee’s revenue in the first six months of this year. Yodlee was founded in 1999 and is based in Redwood City, Calif.
CyberArk Software, an IT security solutions provider with headquarters in both Israel and Newton, Mass., began trading on Wednesday at $16 per share, and reached as high as $23. The company ended up raising $98.6 million. Jerusalem Venture Partners owns 38% of shares, while Goldman Sachs owns 19%.
A Malaysian online payment company called MOL Global Inc. hopes to raise over $260 million by selling 19.5 million shares for between $12.50 and $14.50. It is planning on pricing the week of October 6. When it does, it will become the first Malaysian company to list on an American stock exchange in over ten years, according to Renaissance Capital.
Travelport, a travel booking platform acquired by Blackstone in 2006, went public on Thursday, selling 30 million shares at $16 each to raise $480 million at a $2 billion valuation. Travelport was a significant investment for Blackstone, which poured $800 million into the company and weathered the company’s contraction through the recession. According to Bloomberg, Blackstone’s remaining stake is $137.6 million based on the pre-IPO price.
Hubspot, a sales and marketing SaaS company based out of Boston, will sell 5 million shares for between $19 and $21. The company is backed by General Catalyst Partners (27.1% pre-IPO equity stake), Matrix Partners (17.1%), Sequoia Capital (10.3%), Scale Veture Partners (6.8%), and Charles River Ventures (5%).
Vista Equity Partners and Thoma Bravo are reportedly in talks to buy Tibco Software. Tibco has a current market cap of $3.1 billion. Tibco’s founder and CEO is Vivek Ranadive, who in 2013 bought the Sacramento Kings.