Xactly (XTLY) Plans to Raise $77 Million in June 26th IPO

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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

 

 

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