Taleo, a provider of web-based enterprise staffing management solutions to over 140 customers, announced Tuesday evening that it will offer 6.7 million shares at a range of $14-$16. Insiders plan to sell 1.3 million shares on the IPO. Assuming the stock prices at the midpoint, the company will have an initial market capitalization of $364 million. Citigroup heads the team of underwriters on the deal. Terms and timing have yet to be disclosed.
