Domo CEO and founder Josh James

image credit : Domo

Business Intelligence and Big Data startup Domo which was last valued at $2 Billion in its private round of funding just set the terms for its IPO as of recent and things don’t really good for the company’s filing.

The company filed for going public with an outstanding 24,953,806 shares priced between $19-22 each which implies an an IPO value of $546 million which is way lower than its $2 Billion unicorn status for the company which raised over $600 million from several investors including TPG, Bezos Expeditions, BlackRock, IVP and a slew of others.

This represents a loss for the company which currently operates under negative cash flow with operation costs of $148.7 million for the most recent fiscal year ended Jan 31 but with only $71.9 million cash at hand.

Domo booked $116 million in sales for the 12 months leading to April 30 2018 and is aiming to raise $189 million through the sale of 9.2 million shares in the upcoming public offering.

Domo will join the number of enterprise tech unicorns including Zuora, DocuSign, Pluralsight and a slew of others which have gone public in what is termed as the best year ever for IPOs and public listings for technology and other related companies.

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