June
7, 2013 9:51 AM EDT
The IPO for Textura Corporation (NYSE: TXTR)
opened for trading on the NYSE at $24 per share, after pricing 5,000,000 shares
of common stock at a price to the public of $15.00 per share.
Credit Suisse
and William Blair are acting as joint book-running managers for the IPO, and JMP Securities, Oppenheimer & Co.
and Barrington Research are acting as co-managers.
Textura is a provider of collaboration and productivity
tools for the construction industry.
Textura has achieved significant growth since introducing
its solutions to the market. In the fiscal years ended September 30, 2010, 2011
and 2012, the company generated revenue of $6.0 million, $10.5 million and
$21.7 million, respectively, which represented growth over the prior period of
90.0%, 74.7% and 106.2%, respectively. In those same periods, they had net
losses of $15.9 million, $18.9 million and $18.8 million, respectively.
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