Business software firm RedPrairie files for IPO

AP News
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Posted: Nov 26, 2009 10:54 AM

RedPrairie Holding Inc., a business software provider, said Thursday it filed a registration statement with the Securities and Exchange Commission for an initial public offering.

The number of shares to be offered by the company has not yet been determined. Current stockholders will sell some shares, too. The underwriters will have an option to buy additional shares.

RedPrairie, based in Milwaukee, sells software to help companies manage their inventory, transportation and work force.

Bank of America Merrill Lynch and Credit Suisse Securities LLC are the joint bookrunning managers of the offering. Oppenheimer & Co. and Needham & Co. are co-managers.