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Chicago Tribune: Sprout Social’s $183 Million IPO Could Be Big Win For Chicago’s Tech Sector

IoT (Internet of Things) concept.

Chicago technology company Sprout Social expects its initial public offering of stock to be priced at between $16 and $18 per share, raising nearly $183 million.

Sprout Social, founded in 2010, makes software platforms for companies to manage social media, and makes money mainly from subscriptions to that software. It filed paperwork with the Securities and Exchange Commission Monday announcing the terms of the offering.

View full article in Chicago Tribune.