Chicago’s Sprout Social prices IPO mid-range at $17 per share, raising $150M – TechCrunch

On the heels of Bill.com’s debut, Chicago-based social media software company Sprout Social priced its IPO last night at $17 per share, in the middle of its proposed $16 to $18 per-share range. Selling 8.8 million shares, Sprout raised just under $150 million in its debut. Underwriters have the option to purchase an additional 1.3 million shares if they so choose. The IPO is a good result for the company’s investors (Lightbank, New Enterprise Associates, Goldman Sachs, and Future Fund), but also for Chicago, a growing startup scene that doesn’t often get its......

Continue Reading