IntraLinks Sets IPO Terms

IntraLinks, a New York-based provider of SaaS solutions for securing managing and sharing content, has set its IPO terms to 11 million common shares being offered at between $14 and $16 per share. It would have an initial market cap of over $788 million, were it to price at the high end of its range.

Morgan Stanley, Deutsche Bank and Credit Suisse are serving as co-lead underwriters.

The company reports around $140 million in 2009 revenue, compared to around $143 million in 2008 revenue. Gross profit for 2009 was nearly $92 million, while net income was negative $24.77 million.

TA Associates holds a 53.7% stake, based on a 2007 recapitalization. Rho Ventures holds a 34.4% stake via both the recap and prior investment.