SendGrid files for marketing email IPO
The company, which helps marketers send emails to customers, says in its S-1 that it’s processed more than “one trillion emails.”
Revenue for last year was $79.9 million, compared with $58.5 million in 2015 and $42.3 million the year before. The business is unprofitable, losing $3.9 million in for 2016, compared to $5.9 million in 2015.
According to the “risk factors” section of the filing, “if we are unable to maintain consistent revenue or revenue growth, our stock price could be volatile or decline, and we may not achieve or maintain profitability.”
The company raised over $80 million in venture funding prior to its IPO. The largest shareholders are Foundry Group, Bessemer Venture Partners, Highway 12 Ventures and Bain Capital Ventures.
Morgan Stanley and J.P. Morgan are managing the IPO.http://blogs.top4webhosting.com/2017/10/19/sendgrid-files-marketing-email-ipo/http://blogs.top4webhosting.com/wp-content/uploads/2017/10/sendgrid-hero-image.jpghttp://blogs.top4webhosting.com/wp-content/uploads/2017/10/sendgrid-hero-image-150x150.jpgOther