Everbridge, which provides mass messaging and critical communications services to enterprises, announced terms for its IPO on Tuesday.
The Burlington, MA-based company plans to raise $90 million by offering 7.5 million shares (17% insider) at a price range of $11 to $13. At the midpoint of the proposed range, Everbridge would command a fully diluted market value of $329 million.
Everbridge was founded in 2002 and booked $67 million in sales for the 12 months ended June 30, 2016. It plans to list on the Nasdaq under the symbol EVBG. Credit Suisse and BofA Merrill Lynch are the joint bookrunners on the deal. It is expected to price during the week of September 12, 2016.
