Active Software Inc, the Santa Clara, California-based application integration firm, has offered 3.5m shares of its common stock, priced at $11.00 per share for its initial public offering. Active filed its IPO plans with the Security and Exchange Commission back in June (CI No 3,682). The offering was jointly led by Goldman, Sachs & Co and Lehman Brothers Inc, with Dain Rauscher Wessels acting as co-manager. The stock will be listed on Nasdaq under the symbol ASWX. Active lost $9.8m last year on revenue of $7.6m.
