Tuesday, May 12, 2015

Mindbody Files For IPO

San Luis Obispo-based Mindbody has filed for an IPO, saying in an SEC filing that it is looking to raise up to $100M on the public markets. The startup, led by Rick Stollmeyer, has yet to select an exchange, but says it has applied to list as MB. The company's IPO is being underwritten by Morgan Stanley, Credit Suisse, UBS Investment Bank, Pacific Crest Securities, and JMP Securities. MindBody is venture backed by Bessemer Venture Partners, Catalyst Investors, Institutional Venture Partners, W Capital Partners, and J.P. Morgan. The company also has previously raised funding from the Tech Coast Angels, Frontera Capital, and the Pasadena Angels. Mindbody provides appointment booking software for the spa industry.