{"id":3599,"date":"2017-02-17T23:01:30","date_gmt":"2017-02-17T23:01:30","guid":{"rendered":"https:\/\/www.rsoftsolution.com\/blog\/app-platform-company-mulesoft-files-for-ipo.html"},"modified":"2017-02-17T23:01:30","modified_gmt":"2017-02-17T23:01:30","slug":"app-platform-company-mulesoft-files-for-ipo","status":"publish","type":"post","link":"https:\/\/www.rbsitsoftwaresolution.in\/blog\/app-platform-company-mulesoft-files-for-ipo.html","title":{"rendered":"App platform company MuleSoft files for IPO"},"content":{"rendered":"


\n<\/p>\n

MuleSoft is the\u00a0latest \u201cunicorn\u201d <\/a>to file for an IPO.\u00a0The company, which helps businesses like Netflix and Spotify with their\u00a0APIs<\/a>, has unveiled its financials to the public in an S-1 filing<\/a>, suggesting that they are\u00a0targeting a debut as\u00a0soon\u00a0as March.<\/p>\n

The size of the proposed IPO is $100 million, but that is subject to change.<\/p>\n

In the filing we see that MuleSoft had $187.7 million in revenue last year, up from $110.3 million in 2015 and $57.6 million the year before. Net losses were $49.6 million, down from $65.4 million the year before.<\/p>\n

The company had previously raised $259 million in funding at a $1.5 billion valuation. Lightspeed Venture Partners has\u00a0the largest stake at 17.1%, Hummer Winblad owns\u00a015.8% and New Enterprise Associates has 14.3% of the company shares. Morgenthaler Partners, Sapphire Ventures and Bay Partners also own a sizable chunk.<\/p>\n

The IPO had been rumored for some time,\u00a0<\/a>but it had been a disappointing past couple of years for tech IPOs. In 2015, the newly public companies performed poorly\u00a0<\/a>and very few companies debuted last year.<\/a><\/p>\n

AppDynamics was expected to be a bellwether for tech IPOs, but was swooped up by Cisco in the 11th hour.<\/a>\u00a0All eyes are on Snap, which is expected to go public\u00a0at the beginning of March.<\/a><\/p>\n

Founded in 2006, the company is headquartered in San Francisco. MuleSoft plans to list on the New York Stock Exchange, under the ticker \u201cMULE.\u201d<\/p>\n

<\/p>\n

Article source: http:\/\/feedproxy.google.com\/~r\/techcrunchIt\/~3\/7Avfj1uGuP0\/<\/p>","protected":false},"excerpt":{"rendered":"

MuleSoft is the\u00a0latest \u201cunicorn\u201d to file for an IPO.\u00a0The company, which helps businesses like Netflix and Spotify with their\u00a0APIs, has unveiled its financials to the public in an S-1 filing, <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[19],"tags":[25],"class_list":["post-3599","post","type-post","status-publish","format-standard","hentry","category-enterprise-software","tag-enterprise"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t