Salary.com Sets IPO Expectation to Raise $51.8 Million - Waltham, MA

Salary.com, a Waltham-based provider of on-demand compensation management software, has filed with the Securities and Exchange Commission, setting the terms of its planned initial public offering of stock to raise an estimated $51.8 million. The company said it expects to price the offering between $8 and $10 per share. Salary.com has had 22 consecutive quarters of revenue growth from April 2001 through September 2006. The company has consistently incurred operating losses, including $800,000 for 2004, $1.9 million for 2005, $3 million for 2006 and $1.9 million for the six months ended September 2006. The company is backed by Lyric Ventures, among other investors.

http://sec.gov/Archives/edgar/data/1105360/000119312507008974/ds1a.htm