RetailMeNot, which operates the world's largest digital coupon marketplace, announced terms for its IPO on Monday. The Austin, TX-based company plans to raise $191 million by offering 9.1 million shares (50% insider) at a price range of $20 to $22. At the midpoint of the proposed range, RetailMeNot would command a fully diluted market value of $1.1 billion.
RetailMeNot, which was founded in 2007 and booked $156 million in sales for the 12 months ended March 31, 2013, plans to list on the NASDAQ under the symbol SALE. RetailMeNot initially filed confidentially on April 5, 2013. Morgan Stanley, Goldman Sachs and Credit Suisse are the joint bookrunners on the deal.
