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Technology Stocks : Cloud, edge and decentralized computing

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To: stockman_scott who wrote (709)	7/28/2011 7:44:00 PM
From: Glenn Petersen	1 Recommendation Read Replies (1) of 1685

Carbonite has set the initial pricing for its IPO. Excluding the over-allotment option, the company is selling approximately 26% of its equity to the public. sec.gov Carbonite Estimates IPO Terms At 6.25 Mln Shares, $15-$17 Each DOW JONES NEWSWIRES July 28, 2011, 5:22 p.m. ET Remote online-backup services company Carbonite Inc. unveiled Thursday estimated terms of its upsized initial public offering of up to $122.2 million in stock. Carbonite said it expects to offer 6.25 million shares, plus overallotments, pricing between $15 and $17 a share. It plans to use IPO proceeds for general corporate purposes, including sales and marketing activities. The company, which in May had planned an IPO of up to $100 million in stock, has a history of red ink. It posted a wider 2010 loss of $25.8 million though revenue nearly doubled to $38.6 million. Carbonite intends to have its shares trade on the Nasdaq Global Market under the symbol CARB. -By Mia Lamar, Dow Jones Newswires; 212-416-3207; mia.lamar@dowjones.com online.wsj.com

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