News Article

Exa Corporation announces terms for IPO
Date: Jun 19, 2012
Source: NASDAQ News ( click here to go to the source)

Featured firm in this article: EXA Corporation of Burlington, MA

Exa Corporation, which provides performance simulation software for vehicle manufacturers, announced terms for its IPO on Monday. The Burlington, MA-based company plans to raise $75 million by offering 6.3 million shares (33% insider) at a price range of $11.00 to $13.00. Exa Corporation, which was founded in 1991 and booked $47 million in sales for the 12 months ended 4/30/2012, plans to list on the NASDAQ under the symbol EXA. Stifel Nicolaus Weisel is the lead bookrunner on the deal.

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