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Tangoe (TNGO) IPO Priced at $10, Middle of Range

July 27, 2011 10:13 AM EDT
Tangoe, Inc. (NASDAQ: TNGO) priced its initial public offering of 8,770,000 shares at $10 per share, the middle of the expected $9-$11 range. Shares will open later today on the NASDAQ.

Deutsche Bank Securities Inc. and Stifel Nicolaus Weisel are acting as joint book-running managers for the offering, with Lazard Capital Markets LLC, Oppenheimer & Co. Inc., Raymond James & Associates, Inc., and Signal Hill Capital Group LLC acting as co-managers.

Tangoe is a leading global provider of communications lifecycle management software and related services.


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