Lawson Software, which has remained private for more than a quarter of a century, filed to go public earlier this week.
According to its Securities and Exchange Commission filing, Lawson expects to raise $200m for general corporate purposes, capital expenditures, debt repayment and possible acquisitions.
Lehman Brothers, JP Morgan, US Bancorp Piper Jaffray and Fidelity Capital Markets will handle the IPO.
Lawson, with headquarters in Minnesota and international headquartersin London, has applied for a Nasdaq listing under the symbol 'LWSN'.
The business management software company, with revenues of $313m, received a $40m first round of funding from TA Associates and St. Paul Venture Capital in May.
However, the company is looking to go public at a time when the market has seen about 120 businesses pull their IPOs since the start of the year, according to IPO.com.
Shares of the last major company to go public, Loudcloud, sank 25 percent a day after the company reported a dismal first quarter.
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