Monday, September 16, 2013

RingCentral Sets IPO Offering Range

San Mateo-based RingCentral has set the expected offering range for its IPO, saying it expects to price at between $11.00 and $13.00 per share in its initial public offering. RingCentral is planning to list on the New York Stock Exchange as RNG. The firm is backed by Sequoia Capital, Khosla Ventures, and DAG Ventures, among others. RingCentral is a provider of cloud-based, business communications services.