Friday, May 17, 2013

Marketo Prices IPO, Starts Trading Today

San Mateo-based cloud-based marketing software developer Marketo priced its IPO last night, and will start trading this morning on the NASDAQ Global Select Market. Marketo said it priced at $13.00 per share, and will offer up 5,750,000 shares of its common stock. Marketo priced at the high end of its initial offering range, which was $11.00 to $13.00 per share. The firm is trading now as MKTO. Marketo was venture backed by InterWest Partners, Storm Ventures, Mayfield Ventures, Battery Ventures, and others.