Endurance International Group Holdings, which provides web hosting and domain services to individuals and SMBs, announced terms for its IPO on Friday. The Burlington, MA-based company plans to raise $351 million by offering 23.4 million shares at a price range of $14 to $16. At the midpoint of the proposed range, Endurance International Group Holdings would command a fully diluted market value of $1.9 billion.
Endurance International Group Holdings, which was founded in 1997 and booked $451 million in sales for the 12 months ended June 30, 2013, plans to list on the NASDAQ under the symbol EIGI. Endurance International Group Holdings initially filed confidentially on June 26, 2013. Goldman Sachs, Credit Suisse and Morgan Stanley are the joint bookrunners on the deal.
