PagerDuty CEO Jennifer Tejada Photograph by Stuart Isett/Fortune

PagerDuty – an SaaS company valued at $1.3 billion September last year – has filed its S-1, a public disclosure about IPO plans. This comes on the heels of Pan-African e-commerce company Jumia filing for its own IPO. PagerDuty’s filing indicates it seeks to raise $100 million in its public debut, an amount often used as a placeholder that’s subject to change.

San Francisco based PagerDuty says it has more than 10,800 clients, including Box, Okta, Slack and GoodEggs using its software. For the fiscal year ended January 31, 2018, it booked $79.6 million in revenue and a net loss of $38.1 million, compared with $56.6 million revenue and $29.8 million net loss in 2017.

Former NetSuite CEO and PagerDuty board member Zach Nelson. Nelson notably led NetSuite from 2002 to its $9.3 billion acquisition by Oracle in 2016. Photograph by Stuart Isett/Fortune Brainstorm Tech

The company says it intends to use its IPO proceeds for “general corporate purposes, including working capital, operating expenses, and capital expenditures”. It’s looking to trade under the ticker ‘PD’ on the New York Stock Exchange.

Share this...

Facebook

Pinterest

Twitter

Linkedin

Whatsapp

Email

Print