Bellevue tech company Apptio plans to sell 6.9 million shares for between $13 and $15 each, it said in documents preparing for an IPO.
Apptio updated its prospectus document, saying now that it may raise $103.5 million when it goes public.
The Bellevue cloud-based software company indicated it plans to offer 6.9 million shares at a price of $13 to $15 each.
The company filed documents to prepare for an initial public offering last month, after more than a year of speculation that it would soon enter the public markets.
Apptio’s technology helps companies keep track of their various information-technology systems with the goal of making IT departments more efficient and cost-effective. The company, founded in 2007 by entrepreneur Sunny Gupta, has raised more than $136 million from investors.
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The company works with 40 percent of Fortune 100 companies, it said in its prospectus filing, and has reported growing revenue along with growing losses.
Apptio has about 700 employees and will be listed on Nasdaq with the symbol “APTI” if it goes public.