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Online information exchange provider IntraLinks sets IPO terms and timing

July 21, 2010
IL

IntraLinks Holdings, which provides secure online document management to over 4,300 customers worldwide, announced terms for its IPO on Wednesday. The New York-based company plans to raise $165 million by offering 11 million shares at a price range of $14-$16. At the mid-point of the proposed range, IntraLinks Holdings will command a market value of $767 million. IntraLinks Holdings, which was founded in 1996 and booked $141 million in sales last year, plans to list on the NYSE under the symbol IL. Morgan Stanley, Deutsche Bank Securities and Credit Suisse are the lead underwriters on the deal, which is expected to price during the week of August 2.