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Demandware prices IPO at $16, well above the range

March 14, 2012

Demandware, a leading on-demand e-commerce platform for retailers and consumer brands, raised $88 million by offering 5.5 million shares at $16.00, well above the $12.50 to $14.50 range. Demandware plans to list on the NYSE under the symbol DWRE. Goldman, Sachs & Co. and Deutsche Bank Securities acted as lead underwriters on the deal.