Guidewire Software Inc. today announced it plans to raise $115 million in its initial public offering of 8.85 million shares of its common stock at a price to the public of $13.00 per share. That’s well above the 7.5 million shares at $10 to $12 that the company had planned, Reuters reports. The shares are expected to begin trading on the New York Stock Exchange on Jan. 25, 2012 under the symbol “GWRE.” The company filed its IPO paperwork in September.
All of the common stock is being offered by Guidewire. In addition, Guidewire has granted the underwriters a 30-day option to purchase up to 1,327,500 additional shares of common stock to cover over-allotments, if any.
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