Saturday, August 30, 2014

Hot HubSpot For IPOs

Thought you might get a bang out it:

"HubSpot files for $100 million IPO

Today, HubSpot, the Cambridge-based marketing software company, filed the much-awaited plans for its initial public offering of stock.

The company aims to raise $100 million through the offering to expand its business, according to the filing with the US Securities and Exchange Commission. HubSpot intends to list its shares  on the New York Stock Exchange under the symbol “HUBS.”

Revenues for the first half of the year were $51.3 million, compared to $35 million during the same period a year earlier, according to the SEC filing. The firm’s net loss during the first six months was $17.7 million, up from $16.3 million a year before.

Founded in 2006 by Brian Halligan and Dharmesh Shah, the company creates software to help marketers manage online campaigns, including tools for content marketing, search engine optimization, and website analytics. It employs 719.

Took a while to find for some strange reason.