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Covisint, which provides secure, industry specific communication and collaboration platforms, filed on Tuesday with the SEC to raise up to $100 million in an initial public offering.
The Detroit, MI-based company, which was founded in 2004 and booked $78 million in sales for the 12 months ended June 30, 2012, plans to list on the NASDAQ under the symbol COVS. Covisint initially filed confidentially on December 14, 2012. Credit Suisse, Pacific Crest Securities, and Allen & Company are the joint bookrunners on the deal. No pricing terms were disclosed.
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The Detroit, MI-based company, which was founded in 2004 and booked $78 million in sales for the 12 months ended June 30, 2012, plans to list on the NASDAQ under the symbol COVS. Covisint initially filed confidentially on December 14, 2012. Credit Suisse, Pacific Crest Securities, and Allen & Company are the joint bookrunners on the deal. No pricing terms were disclosed.
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