Fleetmatics Group Ltd announces IPO

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Deal Participants:
IPO Company: Fleetmatics Group Ltd View Profile Charts Homepage
Deal Financials:
Total Cash Raised : $100 million

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Announced/Filed: Aug 21, 2012


FleetMatics offers GPS fleet tracking software to small and medium-sized businesses that own fleets of commercial vehicles.

FleetMatics intends to use part of the proceeds to pay down debt, fund its marketing activities and for working capital needs, the company said in a filing with the U.S Securities and Exchange Commission.

The company, whose rivals include Trimble Navigation Ltd , plans to list its ordinary shares on the New York Stock Exchange under the symbol "FM."

BofA Merrill Lynch, Barclays Capital, RBC Capital, Stifel Nicolaus and William Blair are the underwriters for the offering.

The filing did not reveal how many shares the company planned to sell or their expected price.

The amount of money a company says it plans to raise in its first IPO filings is used to calculate registration fees. The final size of the IPO could be different.

Deal Links:
Banking Representation:
IPO Lead Underwriter: BoA Merrill Lynch and Barclays
Legal Representation:
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Edit History:
Aug 21 '12
This version submitted by howmania