Cvent files for IPO of shares up to $100 million
MCLEAN, Va. (AP) — Cvent Inc., which provides Web-based software for the event-planning industry, on Monday filed for an initial public offering of common stock worth up to $100 million.
The number of shares to be sold and the proposed offering's price range have yet to be determined. The maximum value of the offering was set for the purpose of calculating the company's registration fee.
McLean, Va.-based Cvent said it plans to list its common stock on the New York Stock Exchange under the ticker symbol "CVT."
Morgan Stanley & Co. LLC and Goldman, Sachs & Co. are the offering's underwriters.