Friday, June 19, 2015
MINDBODY Prices IPO, Starts Trading Today
San Luis Obispo-based MINDBODY priced its IPO last night at $14.00 per share, at the midpoint of its initial estimated trading range of $13.00 to $15.00 per share. MINDBODY said it will sell 7,150,000 shares of its common stock, and will begin trading on the NASDAQ Global Market this morning as MB. MINDBODY is venture backed by Bessemer Venture Partners, Catalyst Investors, Institutional Venture Partners, W Capital Partners, and J.P. Morgan, along with the Tech Coast Angels, Frontera Capital, and the Pasadena Angels. The Central Coast company provides cloud-based, appointment and scheduling software for spas, hair stylists, and many other appointment-focused businesses.