Real-time middleware company Tibco Software Inc has at last filed a registration statement with the Securities and Exchange Commission for its initial public offering. The Palo Alto-based company’s IPO has been anticipated for some time but majority owner Reuters Group Plc appears to have been dragging its feet on the decision to take the company public and the search for someone to lead the offering was also still ongoing just a few months ago.
The regulatory filing allows for an offering of up to $60m worth of common stock, but the number of shares and the offering price have yet to be determined. Underwriters for the offering include Goldman Sachs, Bear Stearns and BT Alex. Brown. According to the filing, Tibco saw a net loss last year of $13m on revenue of $52.8m. For its most recently-completed quarter, the loss was $3.8m on revenue up 50.5% year-over-year at $18m.
