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February 6, 2012 11:19 pm GMT

Brightcove Will Price IPO At $10-$12 Per Share

brightcove logoOnline video service Brightcove will price its IPO between $10 and $12 per share, according to a new filing with the SEC.The company first filed for the IPO back in August of last year, saying it wanted to raise up to $50 million. Now, $50 million is at the lower end of its price range. If Brightcove sells the maximum number of shares (it's set to sell 5 million shares, plus an extra 750,000 if demand is high) at $12, it could raise up to $69 million.

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/SC2ANSOyqPs/

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