Zendesk, a cloud-based customer support start-up, said in a filing on Monday that the price range of its proposed initial offering would be $8 to $10 a share.
At the midpoint of that range, the company would be valued at about $632 million. The company, which is based in San Francisco, is selling 11 million shares in the offering (or 11,111,111 to be precise). It plans to list on the New York Stock Exchange under the ticker symbol ZEN.
Sendesk, founded in 2007, had a loss of $22.6 million on revenue of $72 million last year. The company says it has 42,000 customer accounts.
Its venture capital backers include Charles River Ventures, Benchmark Capital Partners and Matrix Partners.
Goldman Sachs, Morgan Stanley and Credit Suisse are the lead underwriters for the offering.
