SharedLabs, which provides outsourced IT services, announced terms for its IPO on Thursday.
The Jacksonville, FL-based company plans to raise $15 million by offering 2.5 million shares at a price range of $5 to $7. At the midpoint of the proposed range, SharedLabs would command a fully diluted market value of $68 million.
SharedLabs was founded in 2016 and booked $54 million in revenue for the 12 months ended March 31, 2018. It plans to list on the Nasdaq under the symbol SHLB. ThinkEquity is the sole bookrunner on the deal.
