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Omniture Files For IPO, Goes Quiet

By: David Utter

The web analytics company submitted form S-1 to the Securities and Exchange Commission in early April announcing their intent to go public.

Omniture could raise $120 million from the IPO, according to documents they have submitted to the SEC. The number of shares and price range has not been determined.

Morgan Stanley & Co. Inc (MS) will act as the sole book-running manager for the offering and Credit Suisse Securities (USA) LLC (MS) will act as co-lead manager. In addition, Deutsche Bank Securities Inc. and J.P. Morgan Securities Inc. will act as co-managers of the offering, Omniture said.

The company will not be able to comment specifically on the proposed IPO until the SEC approves its prospectus.


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About the Author:
David Utter is a staff writer for InternetFinancialNews and WebProNews covering technology and business.

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