Subscription biller Zuora soars 43% following IPO
Summary
Subscription biller Zuora was well-received by stock market investors on Thursday, following its public debut.“We have a history of net losses, anticipate increasing our operating expenses in the future, and may not achieve or sustain profitability,” warned the requisite risk factors section of the filing.Oracle and SAP are amongst the companies offering software in the ERP (enterprise resource planning) category.Others with a significant stake included Wellington Management, Shasta Ventures, Tenaya Capital and Redpoint.Zuora listed on the New York Stock Exchange, under the ticker “ZUO.” Goldman Sachs and Morgan Stanley worked as lead underwriters on the deal.
Classifications
industries
Fintech & Banking
applications
Accounting and Taxes
AskAI Classifications
Labels
SaaS
Billing Software
Revenue Management Software
Linked Companies
Zuora
$250M to $500M