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RealPage

What it Does: Makes property management software

RealPage ( RP) priced shares of its August IPO at $11 a piece, below the expected range of $13 to $15 each.

The Carrollton, Texas company, which makes software that streamlines the business processes of things like leasing, accounting and purchasing for the real estate industry, raised around $135 million from the offering.

Shares of RealPage, which closed Wednesday at $27.09, have increased more than 146% since their initial pricing. RealPage uses a software-as-a-service (SaaS) business model in which applications are deployed to customers over the Internet rather than traditional packaged software.

RealPage reported revenue of $48 million in the third quarter, up almost 35% year-over-year. In November, it acquired apartment leasing call center LevelOne for $62 million.

RealPage plans to announce its fourth-quarter earnings on Feb. 24. Analysts expect earnings of 6 cents per share on revenue of $53.4 million.

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