Demandware (DWRE), a developer of cloud-based software for building e-commerce sites, has priced...

|By:, SA News Editor

Demandware (DWRE), a developer of cloud-based software for building e-commerce sites, has priced its 5.5M share IPO at $16. This translates into a market cap of $448M. According to its latest S-1, Demandware generated revenue of $56.5M (+54% Y/Y) in 2011, and a net loss of $1.4M. The company's contract backlog stood at $141.8M.