Tuesday, September 6, 2016

Everbridge Sets IPO Range

Everbridge, the developer of mass notification, incident management, and other related software tools, which has offices in Pasadena and Glendale, has set the estimated trading range for its IPO, saying it expects to sell 7,500,000 shares of its common stock at between $11.00 and $13.00 per share. The company--which was started in Glendale, but now has its headquarters in Massachusetts--has applied to list on the NASDAQ Global Market as EVBG. Everbridge is backed by ABS Ventures, along with Daughty Hansen & Co., Second Alpha Partners Fund, Eastward Capital Partners, PMC Financial Services, and others. Everbridge was original known as the National Notification Network, and later as 3N; the company since merged with a number of others (Nixle, Vocal, CloudFloor, etc.), resulting in its current headquarters location in Burlington, Masss.

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