Textura reports plans to price initial public offering of common stock

Proceeds used for debt repayment, working capital, corporate purposes

By Devika Patel

Knoxville, Tenn., April 5 - Textura Corp. will conduct an initial public offering of its common stock, according to a Form S-1 filed Friday with the Securities and Exchange Commission. The company expects its shares will trade on the NYSE under the symbol "TXTR."

The deal will have a greenshoe option.

Credit Suisse, William Blair, JMP Securities, Oppenheimer & Co. and Barrington Research are assisting.

Proceeds will be used to repay debt, for growth, working capital and other general corporate purposes.

The Deerfield, Ill., company provides on-demand business collaboration software to the commercial construction industry.

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