Rally Software sets a price range of $11-$13 for its upcoming IPO. That translates into a...

|By:, SA News Editor

Rally Software sets a price range of $11-$13 for its upcoming IPO. That translates into a valuation range of $248M-$293M for the maker of cloud-based software development tools. Rally, which will use the symbol RALY, posted FY13 (ended Jan. '13) revenue of $56.8M (+38% Y/Y), and a net loss of $10.8M. Rivals include H-P, IBM, and open-source tool developers. (S-1)