Monday, May 14, 2018

Avalara Files For IPO

Seattle-based Avalara filed for an IPO last week, saying in an S-1 filing Friday that it is looking to raised up to $150M in its Initial Public Offering. The company has applied to list on the New York Stock Exchange under the ticker symbol AVLR. The company's IPO is being underwritten by Goldman Sachs & Co. LLC, J.P. Morga, BofA Merrill Lynch, JMP Securities, KeyBanc Capital Markets, and Stifel. Avalara's biggest investors are Warburg Pincus, Sageview, and Battery Ventures. Avalara is a developer of cloud-based software which helps companies charge and pay the appropriate taxes on transactions.