Brightcove Looking To Raise $55M In IPO At $10 to $12 A Share

Online video platform Brightcove is going public. In an SEC filing on Monday, the company set the price range for their public offering: 5 million shares of common stock at a range of $10 to $12 per share.

Online video platform Brightcove is going public.  In an SEC filing on Monday, the company set the price range for their public offering: “Brightcove Inc is selling 5,000,000 shares of our common stock.  This is our initial public offering and no public market currently exists for our shares of common stock.  We anticipate that the public offering will be between $10.00 and $12.00 per share.”

According to Evelyn M. Rusli of the New York Times, “Brightcove’s debut – which at the midpoint of its price range will value the Web company at $290.1 million – will be a relatively modest offering.  But it will help the market gauge investor demand for technology offerings ahead of Facebook’s much-anticipated multibillion-dollar I.P.O. later this year.”