Subscription billing unicorn Zuora files for a $100 million IPO

Excerpts from the article by Renaissance Capital on Nasdaq.com

Subscription billing unicorn Zuora files for a $100 million IPO

Zuora, which provides cloud-based subscription revenue billing and payment solutions, filed on Friday with the SEC to raise up to $100 million in an initial public offering. 

The San Mateo, CA-based company was founded in 2006 and booked $168 million in sales for the 12 months ended January 31, 2018. It plans to list on the NYSE under the symbol ZUO. Zuora filed confidentially on December 22, 2017. Goldman Sachs, Morgan Stanley, Allen & Company and Jefferies are the joint bookrunners on the deal. No pricing terms were disclosed.

The article Subscription billing unicorn Zuora files for a $100 million IPO originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com. 

Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital, the Renaissance IPO ETF (symbol: IPO) or the Global IPO Fund (symbol: IPOSX) , may have investments in securities of companies mentioned.