Double-Take Software Prices IPO to Raise $82.5 Million - Southborough, MA
Double-Take Software, a Southborough-based provider of software for data protection with Microsoft Windows applications, has priced its initial public offering of stock to raise a total of about $82.5 million. The company priced 7.5 million shares at $11 each. Of the shares sold, Double-Take is selling 5 million shares and investors in the company are selling 2.5 million. Shares in Double-Take were up $1.94 at $12.94 in the final hour of trading on Friday, a gain of about 18%.