Brightcove shares charge off of the gate
The company, which provides cloud-based computing services, raised $55 million taking part in an original free offering. It priced 5 million shares by $11 apiece, in its likely range of $10 to $12 meant for apiece share. Brightcove diplomacy to management the proceeds to repay debt and carry on its thing. The Cambrige, bulk., companys core item for consumption lets customers announce and distribute videocassette to Internet-connected diplomacy. It had all but 3,900 customers by the side of the point of 2011.