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Covisint prices IPO at $10, within the range

September 26, 2013

Covisint, which provides a data sharing platform primarily to the auto and health care industries, raised $64 million by offering 6.4 million shares at $10, within the range of $9 to $11. Covisint plans to list on the NASDAQ under the symbol COVS. Covisint initially filed confidentially on 12/14/2012. Credit Suisse and Pacific Crest acted as lead managers on the deal.