If you enjoy watching companies IPO, 2016 has been a boring year. As of Sept 9, Renaissance Capital reported a 55% year-over-year reduction in IPOs in the United States – but as the weather grows colder, the IPO market is heating up.
Read on for the rundown of selected companies that recently filed for IPO:
Coupa filed for IPO on September 8, with a proposed offering amount of $75M. Coupa, which raised its latest $80M round at a $1B+ valuation, is the developer of cloud-based spend management software that helps companies control their indirect spending.
Apptio has filed its plans to raise approximately $75M, selling 6 million shares at $13 to $15 per share and giving it a market value of $528M. Apptio would be the second Seattle-based company to go public this year, after RFID tag maker Impinj went public over the summer. Apptio is a Software-as-a-Service company that develops solution to help CIOs manage the technology their business uses and make faster, data-driven decisions about the efficacy of the technology they use.
Everbridge Inc. has announced an IPO between $82.5M and $97.5M . The company’s recent SEC filing shows the company plans to sell 7.5 million shares, offered between $11 and $13 per share. Everbridge is a critical communications platform for companies and communities. The company ensures delivery of critical information during times of crisis, working with public safety, security, and crisis communications professionals to address their communication needs. As of September 13, Everbridge had not yet announced a specific IPO date.
AzurRX Biopharma filed with the SEC to raise up to $15M, with an IPO scheduled for the week of September 12. The company, founded in 2007, plans to list on the NASDAQ under the symbol AZRX. AzurRX is a biopharmaceutical company that is developing treatments for gastrointestinal diseases, using recombinant proteins to do so.
E.L.F. Cosmetics filed for a $100M IPO. The cosmetics company, whose name stands for “Eyes, Lips, Face” got its start in New York City and found success selling cosmetics at low price points through retailers like Dollar General and Target. The company reported over $96M of sales in the first half of 2016.