Software maker Kinaxis trims expected price of planned IPO: Reuters
Kinaxis Inc trimmed the expected offer price of its IPO on Tuesday, in a sign that market demand for the Ottawa-based software company's equity issue may not be as hot as originally expected, Reuters reported. The company, which provides software to help with supply chain operations, now plans to raise $100.6 million, it said in a regulatory filing. The offering is being structured as an IPO combined with a secondary offering from Kinaxis's current investors, HarbourVest Partners, a private equity firm based in Boston, and TechnoCap, a venture capital firm based in Montréal.
3 June 2014•2 mins read
