Monotype Prices Low

Monotype Imaging Holdings Inc., a Woburn, Mass.-based provider of text imaging software, raised $132 million via its IPO. The company priced 11 million common shares at $12 per share ($13-$15 range), which gives it an initial market cap of approximately $403 million. Monotype plans to trade on the Nasdaq under ticker symbol TYPE, while Banc of America Securities served as lead underwriter. TA Associates held an 81.2% pre-IPO ownership position, with D.B. Zwirn held a 3.9% stake.