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ServiceSource International reveals IPO terms

March 11, 2011

ServiceSource International, LLC, which is leading provider of revenue management software and services for technology companies, announced terms for its IPO on Friday. The San Francisco, CA-based company plans to raise $99 million by offering 11.9 million shares at a price range of $7.50 to $9.00. At the mid-point of the proposed range, ServiceSource International, LLC will command a market value of $540 million. ServiceSource International, LLC, which was founded in 1999 and booked $153 million in sales last year, plans to list on the NASDAQ under the symbol SREV. Morgan Stanley and Deutsche Bank Securities are the lead underwriters on the deal.