Dice Expects To Raise $200 Million In IPO

Dice Holdings, which provides specialized career sites in the tech sector, and filed for its IPO in April, has set the price: it plans to sell 16.7 million shares (Dice will sell 6.7 million, shareholders will sell 10 million) for an estimated price of $11 to $13 each, and expects to raise around $200 million. The company has been approved to list its stock on the New York Stock Exchange under the symbol “DHX”.

Dice expects to raise about $72.3 million in net proceeds from its portion of the offering, excluding underwriting discounts and estimated offering expenses. The company said it plans to use the net proceeds to repay $32 million in outstanding debt and for working capital and general corporate purposes.