Thursday, April 11, 2013

Rally Software IPO Expected Friday

Boulder-based Agile software developer Rally Software is expected to become the next big IPO to emerge out of the region's high tech industry Friday, and is scheduled to go public tomorrow. The firm is expected to raised around $85.9M in an IPO on the New York Stock Exchange as RALY. The firm set an initial offering price of between $11.00 and $13.00 earlier this month, and--if all goes well--should price sometime Thursday night for initial trading Friday morning. Rally Software is venture backed by Boulder Ventures, Mobius Technology Ventures, Mohr Davidow Ventures, Greylock Partners, and Vista Ventures.