Shares of Deerfield’s Textura climb after IPO raises $75M
the associated press June 8, 2013 10:24AM
Textura Corp. shares rose in their trading debut after the software company raised $75 million in its initial public offering of stock.
Textura sold 5 million shares for $15 each, the high end of its expected price range of $13 to $15. The banks managing the deal may buy another 750,000 shares, increasing the proceeds from the IPO.
The Deerfield-based company provides project management software for the construction industry.
The shares, which trade on the New York Stock Exchange under the symbol “TXTR,” rose 40 percent to close at $20.94 Friday.