Eloqua (ELOQ), a provider of cloud marketing software, plans to sell 8M shares at a price of...

|About: Eloqua (ELOQ)|By:, SA News Editor

Eloqua (ELOQ), a provider of cloud marketing software, plans to sell 8M shares at a price of $9.50-$11.50 in its upcoming IPO. That spells a market cap of $288M-$352M The company, which counts Adobe, Cisco, and Dell among its 1,000+ customers, posted revenue of $45M (+42% Y/Y) over the first 6 months of 2012, and a net loss of $5.5M. Judging by the performance of Palo Alto Networks and other enterprise tech names, Eloqua has picked a good time to go public. (S-1)