Software services firm IntraLinks prices shares of IPO below expected range, raising $143M

IntraLinks prices shares of IPO below expectations

NEW YORK — Software services firm IntraLinks Holdings Inc. priced shares of its initial public offering below the expected range late Thursday, raising $143 million.

The company sold 11 million shares for $13 apiece to initial investors, below the $14 to $16 range it expected.

The New York company offers cloud-based software to corporate clients, including Ford Motor Co. and Bank of America Corp. Cloud-based computing, which lets businesses access applications stored at other sites, is growing in popularity among corporate users.

IntraLinks expects to use the proceeds to pay down debt.

Shares are expected to begin trading Friday on the New York Stock Exchange under the symbol “IL.”