Reuters: Regulatory News: UPDATE 1-Envivio revives IPO plans, to sell more shares

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UPDATE 1-Envivio revives IPO plans, to sell more shares Apr 11th 2012, 11:04 April 11 | Wed Apr 11, 2012 7:04am EDT April 11 (Reuters) - Video delivery company Envivio Inc, which postponed its initial public offering last year due to uncertain market conditions, said it now expects to price its upsized offering of 7.8 million shares at $10 to $12 each. The company had expected to sell 6 million shares at $10 to $12 each last June, before turbulent market conditions made several companies hold back their attempts to go public. At the top end of its range, Envivio will raise $93.6 million in the offering. It had earlier expected to raise $72 million. Envivio, which helps telecom operators and cable companies deliver high-quality video to consumers, also added Goldman Sachs and Deutsche Bank Securities to its list of underwriters. Several companies unveiled their expected IPO terms this week, including data analytics company Splunk Inc, making April a likely busy month for public offerings.

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