NEW YORK, March 16 (Reuters) - Cornerstone OnDemand Inc priced shares above the proposed range and raised $136.5 million in its initial public offering on Wednesday, an underwriter said.
The company, a developer of online learning and talent management software, sold 10.5 million shares for $13 each. It had planned to sell the shares for $9 to $11 each.
Shares of Cornerstone are expected to begin trading on the Nasdaq on Thursday under the symbol 'CSOD'.
Underwriters on the offering were led by Goldman Sachs & Co and Barclays Capital.
(Reporting by Alina Selyukh; Editing by Steve Orlofsky) Keywords: CORNERSTONEONDEMAND/IPO (alina.selyukh@thomsonreuters.com; +1 646 223 6152; Reuters Messaging: alina.selyukh.thomsonreuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2011. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
The company, a developer of online learning and talent management software, sold 10.5 million shares for $13 each. It had planned to sell the shares for $9 to $11 each.
Shares of Cornerstone are expected to begin trading on the Nasdaq on Thursday under the symbol 'CSOD'.
Underwriters on the offering were led by Goldman Sachs & Co and Barclays Capital.
(Reporting by Alina Selyukh; Editing by Steve Orlofsky) Keywords: CORNERSTONEONDEMAND/IPO (alina.selyukh@thomsonreuters.com; +1 646 223 6152; Reuters Messaging: alina.selyukh.thomsonreuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2011. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.