Fleetmatics Group PLC (FLTX) IPO Soars Higher
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The IPO for Fleetmatics Group PLC (NYSE: FLTX) opened for trading on the NYSE a short time ago at $22.95 after pricing 7,812,500 shares at $17, the high end of the expected $15-$17 range. Shares last traded at $22.26, up 31 percent.
Barclays and BofA Merrill Lynch are acting as joint book-running managers for the offering. RBC Capital Markets, Stifel Nicolaus Weisel, and William Blair are acting as co-managers.
Fleetmatics is a leading global provider of fleet management solutions for small and medium-sized businesses delivered as software-as-a-service (SaaS). Our solutions enable businesses to meet the challenges associated with managing local fleets, and improve the productivity of their mobile workforces, by extracting actionable business intelligence from real-time and historical vehicle and driver behavioral data.
Barclays and BofA Merrill Lynch are acting as joint book-running managers for the offering. RBC Capital Markets, Stifel Nicolaus Weisel, and William Blair are acting as co-managers.
Fleetmatics is a leading global provider of fleet management solutions for small and medium-sized businesses delivered as software-as-a-service (SaaS). Our solutions enable businesses to meet the challenges associated with managing local fleets, and improve the productivity of their mobile workforces, by extracting actionable business intelligence from real-time and historical vehicle and driver behavioral data.
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