Domo, which provides on-demand access to real-time business data, announced terms for its IPO on Monday.
The American Fork, UT-based company plans to raise $189 million by offering 9.2 million shares at a price range of $19 to $22. At the midpoint of the proposed range, Domo would command a fully diluted market value of $546 million.
Domo was founded in 2010 and booked $116 million in sales for the 12 months ended April 30, 2018. It plans to list on the Nasdaq under the symbol DOMO. Morgan Stanley, Allen & Company, Credit Suisse and UBS Investment Bank are the joint bookrunners on the deal. It is expected to price during the week of June 25, 2018.
