Omniture Files For IPO, Goes Quiet
The web analytics company submitted form S-1 to the Securities and Exchange Commission in early April announcing their intent to go public.
Omniture could raise $120 million from the IPO, according to documents they have submitted to the SEC. The number of shares and price range has not been determined.
Morgan Stanley & Co. Inc (MS) will act as the sole book-running manager for the offering and Credit Suisse Securities (USA) LLC (MS) will act as co-lead manager. In addition, Deutsche Bank Securities Inc. and J.P. Morgan Securities Inc. will act as co-managers of the offering, Omniture said.
The company will not be able to comment specifically on the proposed IPO until the SEC approves its prospectus.
David Utter is a staff writer for WebProNews covering technology and business.