Reports: ServiceNow To Pitch IPO In Roadshow This Week

Reports this morning say that San Diego-based ServiceNow is planning to start its IPO roadshow this week, as the firm looks to brave a post-Facebook-IPO market. According to reports, the firm expects to price its IPO as late June. ServiceNow is a developer of cloud-based services which allows companies to manage enterprise information technology (IT) operations. The firm is venture backed by JMI Equity and Sequoia Capital. ServiceNow filed for its IPO in March. The last successful, venture-backed IPO in Southern California was Ceres in February.