MuleSoft, which provides an API-based application integration platform to enterprise customers, raised the proposed deal size for its upcoming IPO on Tuesday.
The San Francisco, CA-based company now plans to raise as much as $208 million if it prices at the high end of its new range of $14 to $16, where it would command a diluted market value of $2.3 billion. The company had previously filed at a range of $12 to $14. It is still offering 13 million shares on the offering. At the high end of the revised range, MuleSoft will raise 23% more in proceeds than previously anticipated.
MuleSoft was founded in 2006 And booked $188 million in sales for the 12 months ended December 31, 2016. It plans to list on the NYSE under the symbol MULE. Goldman Sachs, J.P. Morgan, BofA Merrill Lynch, Allen & Company, Barclays and Jefferies are the joint bookrunners on the deal. It is expected to price during the week of March 13, 2017.
