E2Open, a cloud company backed by US-based technology company Seagate, has filed to sell 4.68 million shares at between $15 and $17 per share in its listing.
The company has filed to list on Nasdaq with the ticker EOPN.
Shareholders in E2Open are Seagate (with 12.4% before the IPO), venture firm Crosspoint Venture Partners (19.8%), JBM 2009 irrevocable trust (18.1%), venture firm JK&B Capital Group (7.0.%), US-based bank Invesco Private Capital group (6.4%), B&M Ventures (5%).
The company had $59.7m revenues on a $225,000 loss in the year ending February 2012.
Advisers on the initial public offering are banks BofA Merrill Lynch, William Blair, Pacific Crest Securities, Canaccord Genuity and Needham & Company. The company would have a market capitalisation of about $398m if it prices at the middle of its range.