RedPrairie Holding to launch IPO
RedPrairie Holding Inc. announced last week that it has filed a registration statement with the U.S. Securities and Exchange Commission to initiate a proposed initial public offering of its common stock.
RedPrairie, which is based in the Town of Brookfield, provides a platform of productivity solutions designed to enable manufacturers, distributors and retailers to synchronize and optimize the management of workforce, inventory and transportation.
The proposed public offering is expected to consist of common stock to be offered by RedPrairie and certain of its stockholders. The portion of the shares to be offered by RedPrairie has yet to be determined. The underwriters will have an option to purchase additional shares of common
stock to cover overallotments.
BofA Merrill Lynch and Credit Suisse Securities (USA) LLC will act as joint bookrunning managers of the offering. Oppenheimer & Co. and Needham & Company will be acting as co-managers.
A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective.
