* Raises $88 million in offering
* Sells 7.5 mln of its own shares
* Selling stockholders sold 1.27 mln shares
* Intends to use proceeds to repay debt
July 27 Tangoe Inc, a provider of communication
software and services, said its initial public offering of 8.77
million common shares was priced at $10 a piece, within its
The Orange, Connecticut-based company had previously
expected to sell its units within the $9-$11 per share range.
Tangoe, whose rivals include U.S. billing firm CSG Systems
and Amdocs , makers of phone-billing and
customer-management software, raised $88 million in the
The company sold 7.5 million shares while selling
stockholders sold 1.27 million shares.
Deutsche Bank Securities and Stifel Nicolaus Weisel were
joint book-running managers for the offering, the company said.
The common shares are expected to trade on Nasdaq on July 27
under the ticker symbol "TNGO."
(Reporting by Siddharth Cavale in Bangalore; Editing by