Wednesday, June 2, 2010

Motricity Sets IPO Pricing Range

Bellevue-based Motricity, a developer of wireless mobile data services for wireless carriers, has set its IPO pricing range at between $14.00 and $16.00 per share, according to a filing with the SEC Wednesday. Motricity is looking to list itself on the NASDAQ Global Market under the symbol "MOTR," and is raising around $101.3M. Motricity's IPO is being underwritten by J.P. Morgan; Goldman, Sachs & Co.; Deutsche Bank Securities; RBC Capital Markets; Baird; Needham & Company, LLC; and Pacific Crest Securities. Motricity is venture backed by Advanced Equities, Carl C. Icahn, Technology Crossover Ventures, New Enterprise Associates, and others.