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SuccessFactors Prices High

SuccessFactors Inc., a San Mateo, Calif.-based provider of on-demand performance and talent management software, raised nearly $108 million in its IPO. The company priced 10.79 million common shares at $10 per share ($8-$10 range), for an initial market cap of approximately $497 million. The company will trade on the NYSE Arca under ticker symbol SFX, while Morgan Stanley and Goldman Sachs served as co-lead underwriters.


Shareholders include Greylock Partners (31.8% pre-IPO stake), TPG Ventures (19.8%), Cardinal Ventures (9.1%), Canaan Partners (7.5%), Emergence Capital Partners (6.6%) and Granite Global Ventures (5.2%).