Thursday, November 2, 2017

SendGrid Sets Estimated IPO Pricing Range

Boulder-based SendGrid, which develops email delivery tools and back-end email services, has set its estimated IPO pricing range this morning, saying it is looking to sell 7,700,000 shares of its common stock at between $13.50 and $15.50 per share. The company has been approved to list on the NYSE as SEND. SendGrid is venture backed by Bain Capital Ventures, Bessmer Venture Partners, Foundry Group, and Highway 12 Ventures. The IPO is being underwritten by Morgan Stanley, JP Morgan, William Blair, KeyBanc Capital Markets, Piper Jaffray, and Stifel.