lulegacy.com – Xactly (XTLY) plans to raise $77 million in an initial public offering (IPO) on Friday, June 26th. The company will be issuing 7,000,000 shares at a price of $10.00-$12.00 per share.
In the last year, Xactly generated $63.7 million in revenue and had a net loss of $19.6 million. The company has a market-cap of $304.7 million.
J.P. Morgan, Deutsche Bank Securities and UBS Investment Bank served as the underwriters for the IPO and Needham & Company and Oppenheimer & Co. were co-managers.
Xactly is a leading provider of enterprise-class incentive compensation solutions for employee and sales performance management. It was the first 100% cloud-based, multi-tenant provider focusing solely on the incentive compensation and employee and sales performance management market and continues to delivers its solutions through a SaaS business model.
Read more about Xactly at lulegacy.com