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Appian prices IPO at $12 midpoint

May 25, 2017
APPN

Appian, which provides a low-code app development platform with a focus on business processes, raised $75 million by offering 6.3 million shares at $12, within the range of $11 to $13. Appian plans to list on the Nasdaq under the symbol APPN. Morgan Stanley, Goldman Sachs and Barclays acted as lead managers on the deal.