E-commerce software provider Jacada Ltd has filed a registration statement with the Securities and Exchange Commission for an initial public offering of its common stock. The Atlanta-based company is looking to sell a total of 4.5 million shares at an expected price range of $10 to $12 each, raising up to $54m. All the shares are being offered by the company.
Lehman Brothers has signed on to act as the lead managing underwriter, while co-managers include CIBC World Markets and SG Cowen. Jacada claims its software enables businesses to leverage their existing host-centric applications for use in conducting business over the internet.
