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Enterprise subscription–services provider Zuora raised $154m from its IPO, valuing the company at more than $1.4bn. It follows a 4-year high for US-listed software IPOs in the first quarter.

As a trusted financial platform partner, Dealogic helped each of the bookrunners—Goldman Sachs, Morgan Stanley, Allen & Co, and Jefferies—seamlessly execute the transaction through the DealManager network.

Transaction Details – Zuora

Nationality: United States

Industry: Technology – Software

Deal Value ($m): 154

Deal Type: IPO

Exchange: New York Stock Exchange

Priced: April 11, 2018

Bookrunners: Goldman Sachs, Morgan Stanley, Allen & Co, and Jefferies

Key Points

3 most recent US-listed software IPOs

  1. Zuora, $154m | United States | NYSE | 1-day return, 43% | April 2018
  2. Dropbox, $756m | United States | Nasdaq | 1-day return, 36% | March 2018
  3. Zscaler, $221m | United States | Nasdaq | 1-day return, 106% | March 2018

Software IPOs in the 180-day US backlog, $100m+

  1. Pivotal Software, $555m | United States | New York Stock Exchange | Expected April 19, 2018
  2. Ceridian HCM Holding, $200m | United States | New York Stock Exchange | To be announced
  3. DocuSign, $100m | United States | Nasdaq | To be announced
  4. Smartsheet, $100m | United States | NYSE | To be announced
  5. Carbon Black, $100m | United States | Nasdaq | To be announced

 


1. For IPOs over $50m only
Data source: Dealogic, as of April 12, 2018

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