Braze sets IPO terms, and could be valued at up to $5. 4 billion
Published
Nov 08 2021 at 12:19 PM GMT
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- Braze Inc has set terms of its initial public offering, in which the New York-based provider of an engagement platform between consumers and brands could be valued at up to $5.41 billion.
- The company is looking to raise up to $402.0 million, as it is offering 67 million Class A shares in the IPO, which is expected to price between $55 and $60 a share.
- Selling shareholders are offering 13 million shares to raise up to $78.0 million.
- With a total of 90.26 million Class A and Class B shares expected to be outstanding after the IPO, the expected pricing could value the company at up to $5.
- The stock is expected to list on the Nasdaq under the ticker symbol "BRZE.
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- Published Nov 8, 2021 12:19 PM GMT