LogMeIn Could Become First Tech IPO of Third Quarter
LogMeIn looks to become the first tech IPO of the third quarter. It set the terms of its sale this morning, with its July 1 debut on Nasdaq expected to raise more than $100 million for the company. Its underwriters, JPMorgan Chase and Barclays Capital, say they’re planning to sell 6.7 million LogMeIn shares at roughly $15 a share The Woburn, Mass.-based startup, founded in early 2003, makes remote desktop applications that allow both Mac and PC users control and access their files remotely, either from another computer or an iPhone or, soon, a Blackberry Storm. The company offers both a free version and advanced versions for people needing to use the same PC at once.
16 June 2009•2 mins read
