Wednesday, March 2, 2011

Cornerstone OnDemand Sets IPO Offering Range

Santa Monica-based Cornerstone OnDemand, which develops online learning and talent management software, said Wednesday morning that it expects its IPO to price between $9.00 and $11.00 per share. The firm is looking to list on the NASDAQ Global Market as CSOD. Cornerstone OnDemand is selling 10.5 million shares of its stock, raising around $105M in the offering. Cornerstone OnDemand is headed by Adam Miller, and is venture backed by Bay Partners, Bessemer Venture Partners, and Meritech Capital.