The Active Network (ACTV) IPO Opens Flat
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The IPO for The Active Network, Inc. (Nasdaq: ACTV) is open for trading. Shares are trading at $15.05 after pricing 11,000,000 shares at $15.00, which was below the expected range of $16-$18.
BofA Merrill Lynch and Citi are acting as the joint-bookrunning managers for the offering, and Allen & Company LLC, Stifel Nicolaus Weisel, RBC Capital Markets, ThinkEquity LLC and WR Hambrecht+Co are co-managers.
The Active Network, Inc. is a leading provider of organization-based cloud computing applications serving diverse market segments including business events, community activities, outdoors and sports.
BofA Merrill Lynch and Citi are acting as the joint-bookrunning managers for the offering, and Allen & Company LLC, Stifel Nicolaus Weisel, RBC Capital Markets, ThinkEquity LLC and WR Hambrecht+Co are co-managers.
The Active Network, Inc. is a leading provider of organization-based cloud computing applications serving diverse market segments including business events, community activities, outdoors and sports.
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