Renaissance Capital logo

API tech company Apigee files for an $86 million IPO

March 20, 2015
APIC

Apigee, which provides a cloud-based platform for businesses to design, deploy and scale APIs, filed on Friday with the SEC to raise up to $86 million in an initial public offering.

The San Jose, CA-based company, which was founded in 2004 and booked $62 million in sales for the 12 months ended January 31, 2015, plans to list on the NASDAQ under the symbol APIC. Apigee initially filed confidentially on November 28, 2014. Morgan Stanley, J.P. Morgan and Credit Suisse are the joint bookrunners on the deal. No pricing terms were disclosed.