Compuware Subsidiary Covisint Files for IPO
On Friday, Compuware Corporationannounced that its wholly-owned Covisint subsidiary has filed a confidential draft registration statement with the Securities and Exchange Commission in preparation for a possible initial public offering of its Class A common stock. Covisint intends to IPO within the next three to six months if market conditions are favorable, and the SEC amenable.
Shares of Compuware closed the day unchanged, at $9.53 per share.
The article Compuware Subsidiary Covisint Files for IPO originally appeared on Fool.com.Fool contributor Rich Smith has no positions in the stocks mentioned above. The Motley Fool has no positions in the stocks mentioned above. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.