Fleetmatics prices shares at $17
Dublin based fleet management firm Fleetmatics has priced its initial public offering at the higher end of the expected range, at $17 per share.
The stock will begin trading later today on the New York Stock Exchange, with more than 7.8 million shares offered.
The company, which provides fleet management solutions for small and medium-sized businesses through a software-as-a-service (SaaS) model, has its headquarters in Dublin. It also has offices in the UK and North America.
The company’s products help businesses to improve the productivity of their mobile workforces, providing firms with information such as vehicle location, fuel usage, speed and mileage.
It currently has more than 15,000 customers, tracking more than 250,000 vehicles worldwide.