ServiceSource Raises $111M in IPO

San Francisco-based ServiceSource (Nasdaq: SREV), which helps technology companies renew maintenance, support, and subscription agreements, raised at least $111 million in an initial public offering on the Nasdaq exchange yesterday. The company sold at least 11.9 million shares at $10 each, somewhat above the expected range of $7.50 to $9.00 per share. Morgan Stanley and Deutsche Bank ran the offering.

Wade Roush is a freelance science and technology journalist and the producer and host of the podcast Soonish. Follow @soonishpodcast

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