PROS Holdings, a leading provider of pricing and revenue optimization software, priced its 6.8 million share offering at $11, the mid point of its $10-$12 range. J.P. Morgan and Deutsche Bank acted as joint bookrunners on the deal. Shares are expected to open for trading on Thursday under the symbol "PRO" on the NYSE. Founded in 1985, PROS Holdings currently supports 90 customers in over 40 countries, primarily targeting large enterprises in the airline, services, manufacturing, entertainment and distribution industries. In 2006, the company generated $46 million in revenue, an increase of 31% over the prior year. Its operating profit margin rose to 14.8%.
