{"id":9957,"date":"2017-11-15T21:26:31","date_gmt":"2017-11-15T21:26:31","guid":{"rendered":"https:\/\/rsoftsolution.com\/blog\/email-marketer-sendgrid-up-13-following-ipo.html"},"modified":"2017-11-15T21:26:31","modified_gmt":"2017-11-15T21:26:31","slug":"email-marketer-sendgrid-up-13-following-ipo","status":"publish","type":"post","link":"https:\/\/www.rbsitsoftwaresolution.in\/blog\/email-marketer-sendgrid-up-13-following-ipo.html","title":{"rendered":"Email marketer SendGrid up 13% following IPO"},"content":{"rendered":"


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Marketing email company\u00a0SendGrid<\/a> had a decent first day on the New York Stock Exchange on Wednesday. After pricing shares at $16, the company closed at $18.03, or up almost 13%.<\/p>\n

The Denver-based company had raised $131 million after pricing its IPO at\u00a0$16, above the expected\u00a0range\u00a0of $13.50 to\u00a0$15.50. SendGrid also upsized its IPO, selling 8.2 million shares, instead of 7.7 million.<\/p>\n

SendGrid helps businesses like Spotify or Airbnb send email confirmations, password reminders and more. The company says it has processed more than a trillion emails, including over a billion per day.<\/p>\n

Sameer Dholaki, CEO at SendGrid told TechCrunch that most of the company\u2019s growth is organic. Customers are usually coming to SendGrid\u2019s website on their own volition, without having been approached by sales reps.<\/p>\n

The customers start out with a free trial and then end up paying a monthly fee to use SendGrid services.\u00a0SendGrid competes with SparkPost, MailChimp and divisions of Amazon, Oracle and Salesforce, but Dholaki likes to think SendGrid has the \u201cKleenex\u201d brand, or the most known name in the business.<\/p>\n

Byron Deeter, partner at Bessemer Venture Partners, said he invested in SendGrid because \u201cemail is the fundamental backbone of business communications and that\u2019s not changing anytime soon.\u201d SendGrid \u201cmanages scale and reliability in an unparalleled way.\u201d<\/p>\n

Revenue for 2016 was $79.9 million, compared with $58.5 million in 2015 and $42.3 million the year before. The business is unprofitable, losing $3.9 million last year, compared to $5.9 million in 2015.<\/p>\n

According to the \u201crisk factors\u201d section of the\u00a0IPO filing<\/a>, SendGrid warns that \u201cif we are unable to maintain consistent revenue or revenue growth, our stock price could be volatile or decline, and we may not achieve or maintain profitability.\u201d<\/p>\n

\u00a0<\/p>\n

<\/p>\n

Article source: http:\/\/feedproxy.google.com\/~r\/techcrunchIt\/~3\/00wwtFNaPvM\/<\/p>","protected":false},"excerpt":{"rendered":"

Marketing email company\u00a0SendGrid had a decent first day on the New York Stock Exchange on Wednesday. After pricing shares at $16, the company closed at $18.03, or up almost 13%. <\/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-9957","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