Textura (TXTR) IPO investors can't complain about first-day performance. After pricing its...

|About: Textura Corp. (TXTR)|By:, SA News Editor

Textura (TXTR) IPO investors can't complain about first-day performance. After pricing its 5M-share offering at $15 (the high end of its range), Textura opened at $24 and is currently at $21.15, up 41%. That gives the provider of cloud-based collaboration and project-management software for the construction industry a valuation of $464M. Textura only had 2012 revenue of $21.7M, but that represented a 107% Y/Y increase. Net loss totaled $18.8M. Deferred revenue amounted to $17M at the end of Q1. (S-1) (IPO preview)