MuleSoft prices IPO above expected range at $17 per share

Enterprise software company MuleSoft will go public tomorrow and just priced their IPO at $17 – slightly above the proposed $14-16 range.

The company will start trading on the New York Stock Exchange tomorrow, under the symbol “MULE”. Founded in 2006, MuleSoft is an integration platform that helps help businesses use APIs to connect different types of software and services.

The offering will pocket the company about $221M in new funding, as MuleSoft is issuing 13,000,000 shares of common stock as part of the offering. This gives the company a total valuation of around $2.14B, which is well above the valuation of $1.5B it last raised at privately.

Submitted March 17, 2017 at 04:32AM by MartEden http://ift.tt/2mPKaJg