Consonus Technologies, a provider of information technology services, is moving ahead with plans for an initial public offering of stock.
Consonus priced the shares at between $7-9. It seeks to be traded on the Nasdaq under the symbol DCTI.0.
The details were disclosed in an SEC filing on Thursday. Reuters first reported the story.
In its original IPO filing in March, Consonus said it would seek up to $57.5 million.
Handling the offering are Merriman Curhan Ford & Co/. Oppenheimer & Co. and Jesup & Lamont Securities Corp.
Consonus was formed in January through a merger of Cary-based Strategic Technologies and Utah-based Consonus. Its headquarters are in Cary.
Mike Shook, founder and CEO of Strategic Technologies, is CEO on Consonus. Strategic Technologies was one of the oldest IT-focused firms in the Triangle.
The combined company offers IT data center, consulting, managed services and infrastructure solutions. It has 11 offices and more than 650 customers in 33 states.
STI reported revenues of $98 million in 2006. Consonus had revenues of more than $105 million.
