Qlik Technologies, which provides business intelligence software to 13,000 large and mid-size enterprises, announced terms for its IPO on Monday. The Radnor, PA-based company plans to raise $101 million by offering 11.2 million shares at a price range of $8.50-$9.50. At the mid-point of the proposed range, Qlik Technologies will command a market value of $770 million. Qlik Technologies, which was founded in 1993 and booked $157 million in sales last year, plans to list on the NASDAQ under the symbol QLIK. Morgan Stanley, Citi and J.P. Morgan are the lead underwriters on the deal, for which timing was not disclosed.
