HubSpot archive on behalf of $100 million IPO
HubSpot archive on behalf of $100 million IPO
In the present day, HubSpot, the Cambridge-based marketing software company, filed the much-awaited devices on behalf of its opening municipal offering of have available.
The company aims to raise $100 million through the offering to swell its firm, according to the filing with the US Securities and discussion Commission. HubSpot intends to incline its shares on the fresh York have available discussion under the symbol “HUBS.”
Revenues on behalf of the head partly of the time were $51.3 million, compared to $35 million in the same era a time earlier, according to the instant filing. The firm’s web loss in the head six months was $17.7 million, up from $16.3 million a time in the past.
Founded in the sphere of 2006 by Brian Halligan and Dharmesh Shah, the company creates software to help marketers get by online campaigns, plus tools on behalf of content marketing, search engine optimization, and website analytics. It employs 719.
The company had previously disclosed with the aim of its revenues soared 48 percent in the sphere of 2013, to $77.6 million. The instant filing shows the company generated a web loss of $34.3 million on behalf of all of survive time.
HubSpot’s have available offering may well subsist the fourth Boston know-how IPO of 2014. Carefulness.Com went municipal in the sphere of January; Imprivata, a healthiness carefulness security software company, went municipal in the sphere of June; and e-commerce furniture company Wayfair filed paperwork on behalf of its IPO two weeks before. Like Wayfair, many in the sphere of the Boston tech unity undergo been expecting HubSpot to quit municipal this time.
HubSpot has new than 11,500 users in the sphere of in excess of 70 countries, and has built a following in the sphere of the marketing unity on behalf of its spend of “inbound marketing” tactics—distinguished from the traditional outbound methods of cold calls, vast e-mail campaigns, and express mail. Survive time, the company drew new than 5,000 attendees to its INBOUND convention in the sphere of Boston, and the company expects to undergo close to 7,000 or else new digital marketers by the side of this year’s convention in the sphere of mid-September, which is pitiful to the Boston Convention and Exhibition heart.
The company has additionally stretched out to offer know-how with the aim of personalizes content on websites based on who’s viewing it, such as well such as into offering software on behalf of salespeople.
In the sphere of addition to its Cambridge head office, HubSpot additionally has offices in the sphere of Dublin, Ireland, and Sydney, Australia.
Although HubSpot has been in the sphere of the news recently on behalf of a duo of high-profile departures, the company has prolonged declared with the aim of it considers many of its employees pitiful on to start fresh ventures new of a “graduation.” Rare on behalf of a privately held Boston tech company, HubSpot has graduated its employees into fresh gigs plus leadership roles by the side of companies like InsightSquared, HourlyNerd, BuySellAds, and Tablelist, with others.
The company has raised new than $100 million in the sphere of funding; top shareholders include broad-spectrum Catalyst Partners (27 percent of shares), Matrix Partners (17 percent of shares), Sequoia center (10 percent of shares), climb over Venture Partners (7 percent of shares), and Charles watercourse Ventures (5 percent of shares). Other investors include Google Ventures and Salesforce. Shah owns 8.8 percent of the HubSpot’s shares, while Halligan owns 4.9 percent of shares and chief operating official J.D. Sherman owns 1.3 percent of shares.
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