Monday, September 22, 2014

Yodlee Sets IPO Pricing Range

Redwood City-based Yodlee, which develops APIs used by financial software and apps developers, said today in a regulatory filing that it now expects its IPO to debut at between $11.00 and $13.00 per share. The firm is hoping to raise around $93.4M in its sale of 6,250,000 shares of its common stock, and says it has applied to list on the NASDAQ Global Select Market as YDLE. Yodlee is venture backed by Warburg Pincus, Bank of America, IVP, ACI Worldwide, Accel Partners, along with others. Yodlee is led by Anil Arora.