According to PE Week Wire…
SuccessFactors Inc., a San Mateo, Calif.-based provider of on-demand performance and talent management software, has set its IPO terms to 10.79 million common shares being offered at between $8 and $10 per share. It would have an initial market cap of approximately $497 million, were it to price at the high end of its range. The company plans to trade on the NYSE Arca under ticker symbol SFX, with Morgan Stanley and Goldman Sachs serving as co-lead underwriters. Shareholders include Greylock Partners (31.8% pre-IPO stake), TPG Ventures (19.8%), Cardinal Ventures (9.1%), Canaan Partners (7.5%), Emergence Capital Partners (6.6%) and Granite Global Ventures (5.2%). www.successfactors.com.
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