VC-backed Amber Road sets IPO terms

Amber Road, which makes logistics and trade management software, has set the price for it proposed IPO.

The venture-backed company plans to sell 6.52 million shares (including 1.73 million from selling stockholders) for $10.50 to $12.50 per share, according to a regulatory filing.

The company’s largest shareholders are as follows:

>> Cross Atlantic, 6,685,160 shares (34.8% of total).
>> Updata Partners, 3,561,856 shares (18.6%).
>> Goldman, Sachs & Co, 2,987,756 shares (15.6%).
>> NJTC Investment Fund, 1,355,051 shares (7.1%).
>> Orix Venture Finance, 245,946 (1.3%).

As a group, the five investors own 14.83 million shares (or 77 percent of the total) prior to the offering. Assuming they don’t exercise options to buy additional shares, the investors collectively plan to sell about 1.2 million shares in the IPO.

Amber Road plans to list its shares on the New York Stock Exchange under the symbol “AMBR.”

The lead underwriter is Stifel, Nicolaus & Co. Co-underwriters are Pacific Crest Securities, Canaccord Genuity, Needham & Co and Raymond James.

Based in East Rutherford, N.J., Amber Road announced its IPO plans on Feb. 10.

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