Friday, September 9, 2016

Coupa Software Files For IPO

San Mateo-based Coupa Software has filed for an IPO, saying in a filing on Thursday that it is looking to raised $75.0M in an IPO on the NASDAQ Global Market. The company has filed to trade as COUP. The IPO is being underwritten by Morgan Stanley, J.P. Morgan, Barclays, RBC Capital Markets, JMP Securities and Raymond James. Coupa is backed by Battery Ventures, BlueRun Ventures, Crosslink Ventures, El Dorado Ventures, ICONIQ, T. Rowe Price, Mohr Davidow Ventures, and others. Coupa is led by Robert Bernshteyn. The company develops supply chain management software.