By IPOdesktop:

Based in Pleasanton, CA, Veeva Systems (VEEV) scheduled a $ 223 million IPO with a market capitalization of $ 2 billion at a price range mid-point of $ 17 for Wednesday, October 16, 2013.

Four other IPOs are scheduled for this week. The full IPO calendar can be found at IPOpremium.

S-1 filed October 11, 2013.

Manager, Joint Managers: Morgan Stanley, Deutsche Bank Securities
Co-Managers: Pacific Crest Securities, Stifel; BMO Capital, Canaccord Genuity

Summary

Veeva is a leading global provider of industry-specific, cloud-based software solutions for the life sciences industry.

VEEV is a profitable cloud company with 67% of revenue from subscriptions, with a 70% increase in top line revenue increase for the six months ended July 31, ’13 vs July 31, ’12, to $ 92 million from $ 54 million.

Valuation

October 11, 2013, VEEV raised the price range mid-point to $ 17 from $ 13.

Valuation Ratios IPO Mrkt Price /

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