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Textura to sell 4.5 million common shares in initial public offering
Proceeds used for debt repayment, working capital, corporate purposes
By Devika Patel
Knoxville, Tenn., June 6 - Textura Corp. gave further details about its planned initial public offering of its common stock in a free writing prospectus filed Thursday with the Securities and Exchange Commission. The deal was announced April 5, and the company expects its shares will trade on the New York Stock Exchange under the symbol "TXTR."
Textura plans to sell 4.5 million common shares. The deal will have a greenshoe of an additional 675,000 shares.
Credit Suisse, William Blair, JMP Securities, Oppenheimer & Co. and Barrington Research are assisting.
Proceeds will be used to repay debt, for growth, for working capital and for other general corporate purposes.
The Deerfield, Ill., company provides on-demand business collaboration software to the commercial construction industry.
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