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IntraLinks prices IPO at $13, below the $14-$16 range

August 5, 2010
IL

IntraLinks Holdings, which provides secure online document management to over 4,300 customers, raised $143 million by offering 11,000,000 shares at $13.00, below its proposed range of $14.00 to $16.00. The NY-based company, which was founded in 1996, booked $141 million in revenue in 2009. For the first six months of 2010, total revenue grew 25% to $84 million. IntraLinks is expected to begin trading on the NYSE on Friday under the symbol IL. Morgan Stanley, Deutsche Bank Securities and Credit Suisse acted as lead managers on the deal.