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Technology business management software provider prices IPO

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Technology business management software provider prices IPO

Apptio Inc., a technology business management software provider,priced its IPO of 6 millionclass A common shares at $16.00 per share.

The underwriters were granted a 30-day option to purchase upto an additional 900,000 class A common shares at the IPO price.

Apptio's class A common stock is expected to begin trading Sept.23 on the NASDAQ Global Market under the symbol APTI.

The offering is expected to close Sept. 28.

Goldman Sachs & Co., J.P. Morgan Securities LLC and Bankof America Merrill Lynch are the joint lead book runners for the offering. BarclaysCapital Inc., Jefferies LLC, RBC Capital Markets LLC and Pacific Crest Securitiesare acting as book runners.