E2open, which provides on-demand supply chain management software, announced terms for its IPO on Friday. The Foster City, CA-based company plans to raise $75 million by offering 4.7 million shares (20% insider) at a price range of $15.00 to $17.00. At the midpoint of the proposed range, E2open would command a market value of $437 million.
E2open, which was founded in 2000 and booked $64 million in sales for the 12 months ended 5/31/2012, plans to list on the NASDAQ under the symbol EOPN. BofA Merrill Lynch is the lead bookrunner on the deal.
