* Now sees IPO priced at $11-$13/shr
* Had earlier expected IPO price range to be $8-$10/shr
April 16 Splunk Inc, which makes software that
collects and indexes data, raised the expected price range for
its initial public offering of 13.5 million shares to between
$11 and $13 apiece.
The company had earlier expected the shares to be sold at
between $8 and $10 each.
At the top end of the new expected price range, the company
will have a market value of about $1.2 billion.
Organic food maker Annie's Inc had also raised its
expected IPO price range in March, days before its shares were
San Francisco, California-based Splunk plans to sell about
12.5 million shares in the offering, with some selling
stockholders offering the rest.
As of Jan. 31, Splunk had over 3,700 customers, including
Autodesk, Bank of America, Comcast,
Harvard University, Viacom and Zynga.
Morgan Stanley, Credit Suisse, J.P. Morgan, BofA Merrill
Lynch are lead underwriters to the offering.
Splunk expects to list its stock on the Nasdaq under the