SciQuest Files for $75 Million IPO
SciQuest Inc., a Cary, N.C.-based provider of on-demand supply and procurement software, has filed for a $75 million IPO. It plans to trade on the NYSE under ticker symbol SQI, with Thomas Weisel Partners serving as lead underwriter.
The company reports $39 million in 2009 revenue, compared to $29 million in 2008.
SciQuest had been VC-backed before going public via a $120 million IPO in 1999. It was then taken private in 2004 by Trinity Ventures. Additional investments were made by Intersouth Partners and River Cities Capital Funds. www.sciquest.com
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