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SendGrid Sets Estimated IPO Pricing Range

SendGrid, the developer of email delivery tools and back-end email services with operations in Irvine, has set its estimated IPO pricing range this morning, saying it is looking to sell 7,700,000 shares of its common stock at between $13.50 and $15.50 per share. The company has been approved to list on the NYSE as SEND. The company's co-founder, Isaac Saldana, is based in Orange County and the company currently has substantial operations in Irvine. SendGrid is venture backed by Bain Capital Ventures, Bessmer Venture Partners, Foundry Group, and Highway 12 Ventures. The IPO is being underwritten by Morgan Stanley, JP Morgan, William Blair, KeyBanc Capital Markets, Piper Jaffray, and Stifel