Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player


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.

If you liked this article you might like

Wolf Pack Descends on BroadSoft

Millions of Time Warner Cable Customers' Information Exposed

BroadSoft Stock Surges, May Consider Sale

Week Ahead: Apple Earnings, Jobs Report on the Docket in Busy Start to May

5 Things You Must Know Before the Market Opens Monday