Seeking Alpha

Rally Software (RALY) has priced its 5.75M-share IPO at $14, above a prior range of $11-$13 and...

Rally Software (RALY) has priced its 5.75M-share IPO at $14, above a prior range of $11-$13 and is set to begin trading today. The IPO price gives the maker of agile software development tools a valuation of $316M, or 5.6x FY13 (ended Jan. '13) sales. (S-1)
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