Smartsheet files for IPO
Summary
Smartsheet says Cisco uses it to keep tabs on spending and Starbucks uses it send product and business updates to its thousands of stores.“We have a history of cumulative losses and we cannot assure you that we will achieve profitability in the foreseeable future,” the company warned in its prospectus.“The market in which we participate is highly competitive, and if we do not compete effectively, our operating results could be harmed,” reads the “risk factors” section of the filing.Many of last year’s enterprise tech IPOs performed well, giving pipeline companies confidence in their debuts.And while consumer tech IPOs have been slow for several years now, one of the more anticipated companies looking to debut is Spotify, which is expected to go public next week via a “direct listing.”
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