Workplace Collab Platform Seeks US IPO

Workplace Collab Platform Seeks US IPO

May 17, 2021 at 11:08PM

Monday (May 17) was a big day for, with the workplace collaboration platform announcing it had filed an F-1 registration with the Securities and Exchange Commission (SEC) for a proposed initial public offering (IPO) of its ordinary shares. Founded in 2014, provides a centralized hub for a variety of work activities, including project management, task tracking, sales projections and event coordination.

The company said in a news release that the number of shares and the price range for the offering have yet to be determined. Goldman Sachs and J.P. Morgan will serve as lead book-running managers for the offering, with Allen & Company and Jefferies providing assistance.

Based in Tel Aviv, has been discussing a possible IPO since at least 2019. As PYMNTS reported at the time, the company raised $150 million in Series D funding, bringing its valuation to $1.9 billion.

With offices in New York, Chicago, San Francisco, Miami, Kiev, London and Sydney, has more than 125,000 customers in more than 190 countries, up from 80,000 in 2019. Its clients include Hulu, Universal, Uber and Adobe., whose investors include the venture capital outfit Sapphire Ventures and the investment management firm Hamilton Lane, was last valued at $2.7 billion following a funding round, according to information from Reuters.

The SEC filing showed the company’s revenue at $59 million for the three months ending March 31, an 85 percent increase. Net losses for the same three-month period went from $19 million to $39 million.