KLTR - Kaltura to raise $150M in IPO after pricing at midpoint of range

Luis Alvarez/DigitalVision via Getty Images Video communication software company Kaltura (KLTR) priced its IPO at $10/share, in the middle of a range of $9 to $11. Kaltura will have gross proceeds of $150M after selling 15M shares, according to a statement. The shares are expected to begin trading today on the Nasdaq under the symbol "KLTR." The $10 price comes after the company had reduced its original range estimate to $9-$11 from $14-$16. Goldman Sachs and BofA  are acting as lead book-running managers for the offering by the Tel Aviv, Israel-based  company. Kaltura competitor On24 (ONTF) went public in early February and currently has a market cap of $1.68B. See SA contributor Donovan Jones's piece from late March entitled "Kaltura Readies $353 Million IPO Effort."

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Kaltura to raise $150M in IPO after pricing at midpoint of range