The Wall Street Journal: Software company Everbridge sets mid-range IPO price

Everbridge Inc., which makes a mass-notification software platform that businesses can use in emergencies, is moving closer to an initial public offering that could raise more than $81 million.

In a regulatory filing, the Burlington, Mass.-based company said it plans to sell 6.25 million shares at an estimated range of $11 to $13 a share. Everbridge would have a valuation of $323 million based on the midpoint of the estimated price range and number of shares outstanding.

ABS Ventures, with a 31.1% stake, is listed as the largest existing investor. Its holdings will be in a range of 21.8% to 23.7% depending on the final number of shares sold to the underwriters.

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