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Demandware plans IPO

Xconomy / July 16, 2011

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Burlington-based Demandware, a digital- and mobile-commerce software company, has filed paperwork for an initial public offering with a proposed maximum offering of $100 million. The offering is being underwritten by Goldman Sachs and Deutsche Bank. The company plans to list its shares on the New York Stock Exchange under the symbol DWRE. Demandware was founded in 2004 and most recently raised a $22 million Series D financing round that was completed last year. The company made a profit of $309,000 in 2010 after years of net losses.