Monday, March 19, 2018

Zuora Files For IPO

San Mateo-based subscription services provider Zuora has filed for an IPO, saying in an S-1 filing on Friday that it is hoping to raise up to $100M in its offering. The company has applied to list on the New York Stock Exchange as ZUO. The IPO is being underwritten by Goldman Sachs & Co. LLC, Morgan Stanley, Allen & Company LLC, Jefferies, Canaccord Genuity, and Needham & Company. The company's biggest shareholders are Benchmark Capital, Redpoint Ventures, Shasta Ventures, Tenaya Capital, and Wellington Management Company.