Coupa Software, which provides cloud-based software that helps enterprises manage their spend, announced terms for its IPO on Friday.
The San Mateo, CA-based company plans to raise $101 million by offering 6.7 million shares at a price range of $14 to $16. At the midpoint of the proposed range, Coupa Software would command a fully diluted market value of $848 million.
Coupa Software was founded in 2006 and booked $109 million in sales for the 12 months ended July 31, 2016. It plans to list on the Nasdaq under the symbol COUP. Morgan Stanley, J.P. Morgan, Barclays and RBC Capital Markets are the joint bookrunners on the deal.. It is expected to price during the week of .
