RealPage, which provides on demand software solutions for rental property owners and managers, raised $135 million on Wednesday by offering 12.3 million shares at $11, below the $13 to $15 proposed range. The deal was 28% smaller than previously expected, as the company had originally planned to sell 13.5 million shares. RealPage is expected to begin trading Thursday on the NASDAQ under the symbol RP. Credit Suisse and Deutsche Bank Securities acted as lead managers on the deal.
