Reuters: Global Markets: Software maker Textura shines in debut, shares jump 68 percent

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Software maker Textura shines in debut, shares jump 68 percent Jun 7th 2013, 14:54 Fri Jun 7, 2013 10:20am EDT (Reuters) - Shares of Textura Corp (TXTR.N), which makes software for the construction industry, rose as much as 68 percent in market debut, valuing the company at about $540 million. The company raised the size of its offering by 1 million shares to 5 million. The offering was priced at $15 per share, raising about $75 million. Textura is backed by Canadian venture capital firm Northwater Capital Management LLC, First Midwest Bancorp Inc (FMBI.O) and Aon Risk Services Co Inc, a unit of Aon Plc (AON.N). Textura makes on-demand project management software for the commercial construction sector to help in bid management, bill payments and vendor evaluation. Credit Suisse and William Blair were the lead underwriters for the IPO. The company's stock, which was the top percentage gainer on the New York Stock Exchange, was up 61 percent at $24.19 in early trading. Around 1.2 million shares changed hands by 1000 ET.

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