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Zuora files for a cool $100 Million public offering

Posted by The Notice Centre☑️ on March 19, 2018 at 8:45 AM

photo credit : Amy Feldman | Forbes

Technology company Zuora released its IPO brochure two days ago.

The upcoming IPO is expected to fetch the company $100 Million, The cloud-computing company was is backed my a cool number of investors including Benchmark Capital and Blackrock Benchmark's stake coming at about 11% of the company.

The company helps businesses manage subscription services and pulled in almost $167.9 Million in its most recent Fiscal year, the company was also valued at a huge $750 Million during its last round of financing about three years ago.

The IPO train is really booming this year with both Dropbox going public with its shares expecting to start trading very soon and also Spotify whose shares will start to change hands starting from the 3rd of April.

Zuora also emphasized on company culture with its IPO filing specifically with the wordplay "Z.E.O" which narrates as the fact that every employee at Zuora is the boss of his/her own career.

The company has 950 customers in over 30 countries and is lead by its founder Tien Tzuo who was an early Salesforce employee.

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Categories: technology , Business, innovation

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