Marketo Files Registration Statement For Proposed Public Offering Of 6.00 Mln

(RTTNews) - Marketo Inc. (MKTO), the provider of a leading cloud-based marketing software platform, announced that it has filed a registration statement with the Securities and Exchange Commission for a proposed public offering of 6.00 million shares of its common stock.

The offering is expected to consist of approximately 5.30 million shares from certain existing stockholders. In addition, the company expects to offer approximately 700,000 shares as well as any shares to be sold to the underwriters pursuant to their option to purchase additional shares.

The company said it will use the net proceeds of the company portion of the offering to fund general corporate purposes, including working capital. The company noted that it will not receive any proceeds from the sale of the shares by the selling stockholders.