Yodlee, which provides a SaaS platform for businesses to develop consumer-facing financial apps, filed on Monday with the SEC to raise up to $75 million in an initial public offering. The filing lists Bank of America (BAC), a joint bookrunner, as one of its largest customers and shareholders.
The Redwood City, CA-based company, which was founded in 1999 and booked $74 million in sales for the 12 months ended 3/31/2014, plans to list on the NASDAQ under the symbol YDLE. Yodlee initially filed confidentially on 3/21/2014. Goldman Sachs, Credit Suisse and BofA Merrill Lynch are the joint bookrunners on the deal. No pricing terms were disclosed.
