Shares of Marketo will start trading this morning at $13 a share, company officials announced.
Marketo will begin trading 6,059,509 shares of its common stock offering on the NASDAQ Global Select Market under the symbol “MKTO.”
When the company announced its IPO plans in February, observers expected it could raise $70 million to $100 million, in addition to the $100 million it had already raised in venture funding.
Goldman, Sachs & Co. and Credit Suisse Securities (USA) LLC are managing the for the offering. UBS Securities LLC, Canaccord Genuity Inc., Raymond James & Associates, Inc. and JMP Securities LLC are acting as co-managers.
