Wednesday, October 5, 2016

Coupa Software Bumps IPO Terms

San Mateo-based Coupa Software has bumped the terms of its IPO, saying in a filing on Tuesday that it is now offering up 7,400,000 shares of its stock at between $16.00 and $18.00 per share. The initial estimated IPO terms are up from an earlier, estimated sales of 6,700,000 shares at between $14.00 and $16.00 per share. The NASDAQ IPO Calendar places the company's expected IPO date as Thursday, October 6th. Coupa is venture backed by Mohr Davidow, Battery Ventures, El Dorado Ventures, BlueRun, Crosslink, ICONIQ, Rally Ventures, and T. Rowe Price, among others. The company has filed to list as COUP on the NASDAQ Global Market.