Mosaic-backed Five9 prices IPO, raises $70 mln on Nasdaq
Five9 Inc, a portfolio company of Canadian venture capital firm Mosaic Venture Partners, has priced its initial public offering of 10 million shares at US$7.00 per share. The company's stock began trading on April 4 on Nasdaq under the ticker symbol “FIVN.” According to a report by Reuters, it raised as much as US$70 million. Headquartered in San Ramon, California, Five9 is a provider of cloud solutions for call centres. The company's other backers include Hummer Winblad Venture Partners, Partech Ventures, Adams Street Partners and SAP Ventures. The Toronto-based Mosaic invests in early-stage Internet and digital technology companies.
8 April 2014•2 mins read
