Cloud based services provider Endurance International Group announced it is expecting ro raise nearly USD375 million through the initial public offer of its shares. The IPO volume was set at 23.4 million pegged between USD14 and USD16 per share.

The company was acquired by Warburg Pincus and GS Capital Partners at a cost of USD975 million last November 2011. The market valuation of the firm was at USD2 billion near the top end of its expected price range. 

Warburg would retain ownership of half the company after the offer while the Goldman Sachs affiliate would retain a 16% shareholding, according to the regulatory documents filed related to the IPO.

Endurance provides web-hosting and domain services for small and medium sized businesses with about 3.4 million subscribers throughout the world. It would also be taking advantage of a receptive IPO market for cloud based firms as investors infuse money into these companies in niche markets with strong business models and room for growth for the long term.