Tuesday, July 1, 2014

Yodlee Files For IPO

Redwood City-based Yodlee has filed for an IPO, saying that it is looking to raise up to $75M in an offering on the NASDAQ Global Market. The company is looking to trade as YDLE. The IPO is being underwritten by Goldman, Sachs & Co., Credit Suisse, BofA Merrill Lynch, UBS Investment Bank, and Pacific Crest Securities. Yodlee is backed by Warburg Pincus, Bank of America, Institutional Venture Partners, S1 Corporation, Accel Partners, and others. The company provides a number of APIs and other services that help online financial software and services connect to banks and other financial providers.