MuleSoft, which provides a platform that connects SaaS, mobile and on-premise APIs, announced terms for its IPO on Monday.
The San Francisco, CA-based company plans to raise $169 million by offering 13 million shares at a price range of $12 to $14. At the midpoint of the proposed range, MuleSoft would command a fully diluted market value of $1.8 billion.
MuleSoft was founded in 2006 and booked $188 million in sales for the 12 months ended December 31, 2016. It plans to list on the NYSE under the symbol MULE. Goldman Sachs, J.P. Morgan, BofA Merrill Lynch, Allen & Co., Barclays and Jefferies are the joint bookrunners on the deal. It is expected to price during the week of March 13, 2017.
