Active Network is planning to raise around $150 million from an initial public offering (IPO) of its common stock, The Wall Street Journal reports. The U.S. cloud-computing applications company seeks to use the proceeds to repay debt
The California-based company also plans to use the funds for acquiring complementary businesses. Active Network makes cloud-computing applications that form online networks to connect activity or even organizers with potential participants.
Click here for the story from The Wall Street Journal.