MuleSoft, the business software maker that's slated to launch its much-watched initial public offering Friday, has priced its shares at $17, above the anticipated range of $14 to $16.
When it filed its IPO papers last month, MuleSoft said it expected to raise $100 million.
According to its S-1 filing with the Securities and Exchange Commission, MuleSoft logged revenue of $57.6 million in 2014, $110.3 million in 2015, and $187.7 million in 2016.
Over that period the company posted losses of $47.8 million, $65.4 million and $49.6 million, respectively.
MuleSoft's application integration technology competes with products from IBM, SnapLogic, Tibco, and others.