On Wednesday all the details were set finally for the IPO Taleo has been sitting on for some time now.
As for when it may happen, well it´s anybody´s guess but given this is imminent it´s safe to say that by the end of the month (next week perhaps?) we´ll see just how much interest they generate.
For some perspective, here´s what Kenexa is doing as of today. Click here
Here´s the summary for Taleo...
Taleo Corporation, a provider of on demand talent management solutions, has finally set its initial public offering to 6.7 million shares at a price to be between US $14.00 and US $16.00 per share. Taleo first filed its IPO prospectus (Form S-1) with the Securities Exchange Commission (SEC) on March 31, 2004.
The offering will include a primary offering of 5,360,000 shares of Class A common stock by Taleo and a secondary offering of 1,340,000 shares by certain selling stockholders. The selling stockholders have granted the underwriters an option to purchase up to 1,005,000 additional shares of Class A common stock to cover over-allotments.
Taleo has applied to list its Class A common stock on the Nasdaq National Market under the symbol "TLEO."
The underwriting syndicate is led by Citigroup, and includes Merrill Lynch & Co., JPMorgan, CIBC World Markets, and ThinkEquity Partners LLC.
San Francisco based Taleo has raised $35.2 million in net proceeds through equity and debt financing activities since its 1996 inception.