Enterprise software company Marketo Inc priced its initial public offering of common stock at $13, the higher end of its expected price range, to raise $79.3 million, according to a person familiar with the matter. The company is selling 5.75 million shares in the offering, while selling stock holders are selling about 300,000 shares.Marketo investors include Institutional Venture Partners, InterWest Partners, Mayfield Fund, Storm Ventures and Battery Ventures.The company, whose customers include General Electric Co , CenturyLink Inc and Panasonic, reported revenue of $19.7 million for the three months ended March 31.Shares of business software companies like WorkDay Inc , Guidewire Software Inc and Service Now Inc are trading at a heavy premium to their IPO price, since their debuts in 2012.
CenturyLink, Inc. (CenturyLink) is an integrated communications company. Shares of CTL fell by 1.06% or $-0.4/share to $37.45. In the past year, the shares have traded as low as $32.05 and as high as $43.43. On average, 6161450 shares of CTL exchange hands on a given day and today's volume is recorded at 5488264.
Guidewire Software, Inc. (Guidewire), is a provider of system software to the global property and casualty insurance industry. Shares of GWRE traded higher by 0.75% or $0.31/share to $41.68. In the past year, the shares have traded as low as $22.40 and as high as $43.73. On average, 507762 shares of GWRE exchange hands on a given day and today's volume is recorded at 285585.
Workday, Inc. is a provider of enterprise cloud-based applications for human capital management (HCM), payroll, financial management, time tracking, procurement and employee expense management. Shares of WDAY traded higher by 0.61% or $0.41/share to $67.21. In the past year, the shares have traded as low as $45.05 and as high as $69.75. On average, 1081700 shares of WDAY exchange hands on a given day and today's volume is recorded at 541186.
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