Mortgage origination technology firm, Ellie Mae, is expecting to raise as much as $82.5 million in an initial public offering (IPO), The Wall Street Journal reports. The company has priced at least 7.5 million shares of common stock at $9 to $11 per share. The company initially planned to sell 5 million shares. Ellie Mae will use the proceeds from the offering for general corporate purposes. Barclays Capital, William Blair & Company, Piper Jaffray & Comapny and Morgan Keegan & Company are the underwriters on IPO, adds Housing Wire.
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