SPS Commerce expects IPO to raise $26 million

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By Sam Black, Minneapolis-St.Paul Business Journal

SPS Commerce expects its pending initial public offering will raise about $26 million.

The company disclosed that it was planning the IPO in December and it announced details of its plans in a securities filing Monday.

SPS plans to sell 3.3 million shares of its stock, about one fourth of which would come from existing stockholders.”

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