Textura, a Deerfield, Ill.-based company that makes web-hosted (a.k.a. “cloud”) software for contractors and construction firms, priced its IPO at the top of its range, after increasing the size of the deal twice. It then jumped 60% when the market opened, form its initial $15 to $24.
- revenues just under $22 million,
- market cap under $500 million
- at $75 million, it was still the smallest software IPO of the year so far
- the company hits two hot themes — the housing and construction market, and the enterprise cloud software market. It also aims to not be a $22 million-revenue company for very long. It has generated sales of $15.3 million in the first six months of the year
- By the close, the stock had retreated from its opening price and ended at $20.91, a gain of 39%. That’s good for the fifth-best U.S. IPO first-day jump so far this year overall, and the third best enterprise software debut behind Marketo (MKTO), which makes marketing software and jumped 78% in first-day action, and Tableau Software (DATA), a data visualization company that jumped 64%.
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