Smartsheet, a cloud-based business collaboration software company, priced its initial public offering at $15 a share late Thursday, above its anticipated range of $12 to $14. The Bellevue, Wash., company raised $150 million in the offering, saying in a statement it would sell 10 million shares, with other shareholders selling an additional 1.6 million shares. The underwriters were granted options to buy up to an additional 1.7 million shares. Last year, Smartsheet reported a loss of $49.1 million on revenue of $111 million, and warned in its IPO filing that it expects to continue to take losses for the foreseeable future. Smartsheet is expected to begin trading Friday on the New York Stock Exchange under the ticker symbol "SMAR." The lead underwriters are Morgan Stanley, J.P. Morgan, Jefferies and RBC Capital Markets.