Apptio registers $75 million of common stock for initial public sale

Bookrunners Goldman Sachs, JPMorgan, BofA Merrill Lynch will assist

By Devika Patel

Knoxville, Tenn., Aug. 26 – Apptio Inc. will price its initial public offering of class A common stock with a 30-day greenshoe, according to a form S-1 filed Friday with the Securities and Exchange Commission. The company has registered up to $75 million of stock for the deal.

Goldman Sachs & Co., J.P. Morgan Securities LLC and BofA Merrill Lynch are the bookrunners, and Barclays, Jefferies & Co., RBC Capital Markets Corp. and Pacific Crest Securities are the co-managers.

Proceeds will be used to repay term borrowings under the company’s credit facilities and for working capital and general corporate purposes.

The Bellevue, Wash., company offers business development software and technologies. The company intends to list its common stock on the Nasdaq under the symbol “APTI.”

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