Apptio prices IPO at $16, above the range

Apptio(IPO), which provides a cloud-based IT financial management platform to enterprises, raised $96 million by offering 6 million shares at $16, above the range of $13 to $15. 

Apptio(IPO) plans to list on the Nasdaq under the symbol APTI. Goldman Sachs, J.P. Morgan, BofA Merrill Lynch, Barclays, Jefferies, RBC Capital Markets and Pacific Crest acted as lead managers on the deal.

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