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On demand property software firm RealPage files for $150 million IPO

April 29, 2010
RP

RealPage, which provides on demand software solutions for rental property owners and managers, filed on Thursday with the SEC to raise up to $150 million in an initial public offering. The Carrollton, TX-based company, was founded in 1998 and booked $26 million in Adjusted EBITDA on $141 million in sales last year, plans to list on the NASDAQ. Credit Suisse and Deutsche Bank Securities are the lead underwriters on the deal, for which pricing terms and timing were not disclosed.