Carbonite Proposes IPO Terms

Boston-based Carbonite, the online data backup firm, said yesterday in a regulatory filing that it expects to offer 6.25 million shares, plus 937,500 additional shares for underwriters (as an option), at $15 to $17 per share in its planned IPO. That bumps its maximum offering price to $122.2 million, up from the $100 million first stated in May. The company expects its shares to trade on the Nasdaq market under the symbol CARB.

Gregory T. Huang is Xconomy's Editor in chief. E-mail him at gthuang [at] xconomy.com. Follow @gthuang

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