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LogMeIn Inc. is planning to raise an additional $60 million on the public markets. The company this morning filed for a secondary public offering of stock – 3 million shares worth $60.1 million at Thursday’s closing price of $20.02 per share.
The company, launched in 2003 as 3am Labs, announced the terms of its initial public offering, worth $107 million, in July, making it the first New England technology company to go public in 2009. It first filed for the IPO in January, 2008. The Woburn-based company makes remote access software for personal computers.
Venture investors including Needham-based Prism Venture Partners and Waltham-based Polaris Venture Partners, put about $30 million into LogMeIn (Nasdaq: LOGM). As of today’s filing, Prism holds 17.6 percent of the company, and Polaris holds 13.2 percent. Polaris’ David Barrett and Prism’s Woody Benson led the investment for their respective firms. LogMeIn founders Marton Anka and Michael Simon hold 5.3 percent and 5.9 percent, respectively, according to today’s filing.
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